I'm not a wallstreetfag but digital currency is NWO agenda. It goes hand in hand with the rfid implants. gates has patent for digital currency connection of biomechanics to let you earn money for doing certain tasks. which is "mining". I trust no one pushing digital currency, it is evil and part of the mark of the beast.
There are already patents for human body area networks and crypto that use your biorhythms (and worse) for proof of work, etc. Bill Gates couldn't even keep infections out of Windows and I'm supposed to trust him with protein computers? No. Hard pass.
I bought Silver coins one year ago... now they doubled the value. If you are fearing a total collapse of the financial system with little money to invest or secure... think long shelf life FOOD! In an collapse this is worth more than any Gold or Silver or Crypto. In the end everybody needs to eat and drink! Booze is also a good investment in such times. Buy cheap Booze and bury it in your garden. It just gets better every Year.
A common software wallet has a 24 word passphrase that you can use to restore it. It is just an app or a website that keeps stock for you. It works well enough. If you want to use a hardware stick, you can do the same, but be aware, these sticks can break too. You can forget passwords et cetera. And sure, without power the whole thing is gone until it comes back up. It is not going to get you through any crisis. It is fiat currency like any currency, but at least you are in full control. There is no government creating and spending trillions of the currency, making your savings worthless.
Precious metals will be valuable, but are they really when society breaks down? Imagine a long drawn out war would start. What are you going to eat? Gold and silver may be used to get things from people who have actual food available, but would it not be better to have this food in the first place? I think most of the value of gold is perceived value as it is "always going to have value". I for one have never desired to own gold, because nothing can be done with it that I care about realistically, except for the odd gramm of it on elctrical contacts. Gold does not go bad, which is a good thing, but that is exactly why it was used for backing up the value of money. I think a lot of it simply is psychology.
don't use a 3rd party to custody your coins. the point of bitcoin is self-sovereignty. By letting somebody else hold your keys you are defeating the purpose of bitcoin. Like others said you can store a seed phrase or key. You can get a hardware wallet. You can engrave onto titanium or steel plates.
Many nodes and miners (increasingly so) are operating on solar or hydroelectric energy. Theres even at least one node in space.
Bitcoin is to central banks, what torrenting is to the music industry and Hollywood. If you don't know that much about crypto, this is one of the most important things to know.
Also, Bitcoin has now been in existence for 11 years and many eyes worldwide have examined the software. No backdoors have been found as of yet and the system is very robust.
Doesn't mean of course that bad actors aren't trying to influence it. Of course bad actors are going to try and infiltrate the community and maybe try to push things that are bad for Bitcoin. But that will happen with any type of technology.
In the end it's not the technology that's bad. The internet can be used for mass-surveillance but it can also be used to wake the masses. Bitcoin on paper is a revolutionary idea, especially if you understand the 2008 financial crisis well enough.
Renew mining - ad starts - home button - close & relaunch app.
I muscle-memory that in about three seconds now once per day, and suffering one ad is well worth it. (I hear-tell that some non-affiliated sites and apps are springing up permitting vendors to market goods and services for escrowed Pi. For instance, on "The Pi Lifestyle", it currently has a fixed value of $100 per coin, which is amazeballs, and 10x the official buy-in price in BtC.
Lol it was a small concession to keep peace as I keep buying and selling things as I please and she rolls her eyes. :) I expect they will be worthless.
Meh. I diversify in crypto too. If it crashes okay of it doesn't okay too. Im not sure the end game but even if crypto is bad make some money in it and buy guns and ammo and shit
I really looked for a stock image that reflects my pile, but I actually have quite a lot larger pile of silver than is showed here - I do have 1000 silver dimes in there somewhere tho.
Ouch. Lost wallet keys are the worst. Here's to hoping you don't have a billion dollars in a landfill somewhere like that poor schmuck trying to dig up the countryside looking for an old hard-drive.
Yeah I had the "free" crypto that you get when you register for a Coinbase account back in 2012. I logged in recently and it seemingly vanished. It was only like a small fraction of a btc (a satoshi) but it was still something.
Some digital currencies are completely private. Those have been censored. Ultimately cross chain swap ate coming and then anybody will be able to gain privacy l. You re at the end of a cycle but some cryptos will keep going up.
Projects on nfts or projects with pepes like pepemon. Finance things will keep going up into march or july then august will be a terrivle.month. not sure if deep state does something silly but august is whrn you want 0 money in assets lioe stocks or classic cryptos.
Bitcoin is a honeypot to make crypto acceptable to the masses. It is NWO. It is openly hidden in the name: be it coin! That is fiat money.
To the problems of crypto:
Counterpart risk. You need energy to mine, to buy or sell.
Price manipulation, i.e. Wallstreet is making the price.
Crypto can be made in unlimited amounts, i.e. Bitcoin 1, 2... n, or Ether 1, 2 or crypto n.
Not useful work, except you think mining is useful.
That said, you might think I am against it. Not totally. A special type of crypto could be used for delivering secure emails or secure messaging. Secure means: Not only the content is secure but also the relations are secure. An intercepting middleman cannot trace who is sending what to whom.
The delivery of such emails etc. is paid by tokens or better and older stamps. I am suggesting an universal post office and all who deliver earn, the others pay. And you can have both roles. This is a new idea and a white paper will soon be published, so no one can patent it.
this hast got to be the most ill-informed garbage i've read all day.
you don't understand counterparty risk, you can't even spell it. bitcoin solves problems in this regard the only idiots introducing themselves to counterparty risk as it relates to bitcoin is when you don't hold your own keys.
wall street doesn't "make bitcoins price". what do you back this up with? what are you even talking about?
bitcoin has a hard cap of 21million. you're correct about the others (they're shitcoins though. bitcoin's all that matters) but you've still demonstrated no real knowledge on the topic.
i can't even make sense of the first two sentences.
not true: pull out the electric plug and will not be able to buy or to sell. That is a counterparty risk. Bitcoin is a distributd ledger, meaning other people's computers have to work (do calculations and use energy) in order you can sell or buy. It is even a multiparty risk.
The early birds who have many bitcoins make the price. That is probably not you.
You have not replied to my argument that the number of possible crypto currencies is unlimited.
The only you are right thing is that I used a wrong word, but English is not my native language, so thank you for that correcting my spelling.
Of course I know that Bitcoin has a cap. Bitcoin will only survive, if it is mandatory to use it, i.e. to pay taxes.
Well, if you put dollars into crypto you are exchanging one fiat currency for another. Of course there are always going to be bubbles in markets. You can take advantage of some bubbles, but more than likely you will lose your investment. On the other hand, if you have a thousand bucks to spare and some time to learn something new, you could buy some options and make small gains at relatively low risks. But you will have to learn how to do this and take in a lot of information to predict market movements.
If you have the hardware already to mine ETH, then by all means. Do it. It is still profitable, despite the last few days seeing the price drop and difficulty increasing. In practice this has halved my income from it, but I do not rely on it. If it loses all its value tomorrow, I will not have lost much. Maybe a few hundred dollars in energy cost.
I would spend my money on making sure you can survive long term. You can not eat dollars nor can you eat gold or silver, bitcoins or ethereum. Learn a new skill. Buy some tools. Store some extra salt. Lighters. Canned food. Small investments that could turn incredibly valuable very quickly.
A lot of a self-pampering going on here from missing out. This is more than just a store of value this is smart contracts blockchain technology, etc etc etc... it's going to change the world more than the internet did.
Let me put it this way. The thing fiat and crypto have in common is, that is has no value in and of itself.
It does not mean that it cannot be used as a medium of exchange, but there is no value in and of itself to either a piece of paper or a "token" .
It also does not mean that people are not willing to pay a higher price to obtain an imaginary value.
The difference between fiat and crypto is scarcity. THere are two dimension to it. One dimension is the total number of coins to ever be available. To compensate for mining concentration, and thus power concentration, division into fractions is key. However, when division cannot compete with the amount of fiat chasing the same number of fractions, what happens? Indeed, the price in fiat will skyrocket. We have known this, at least, since Adam Smith.
And, Bitcoin can be manipulated by long and shorts.
Another difference is ease of use, volume. When compared to SEPA, bitcoin is to SEPA, what the stagecoach with horses is to modern busses. What is SEPA? It is the European payment platform to manage money transfers. It is called instantpayment. And instant it is, although a max of 24 hours is the actual standard, most payments are executed instantly.
think debitcard payments
think transfers from bankaccounts within one bank
think transfers between bankaccounts from different banks.
Pre SEPA there was Paypal. Simply enter an emailaddress, the amount and you were good to go. Fintech's challenge is to bridge between payment systems: i.e. Paypal -> bankaccount; bankaccount -> Paypal.
So, it is to crypto systems to come up with a system that rivals SEPA but also bridges to and from it, to make transition easier. Fintech can play a fascinating role here.
If that is done, there is the dimension of usability. However, Bitcoin cannot process the volume that is needed to bring it to the moon. Other crypto's easily exchangeable for bitcoin, can add functionality to it, and extend usability and thus value.
Right now, bitcoin is very speculative. It is NOT a store of value in and of itself. But you could ride the wave to compensate for :
market manipulation to keep the price of PM down
market manipulation to hide hyperinflation
So, the best advice I could give is: enjoy the bitcoin rally and make sure you have your wallets setup, and some alternative crypto's to bitcoin. But most importantly: Have your selection of coins physically in your own storage, where you OWN it, hold it.
Understand what trust means. When someone says: this is trustless, you know you are not looking at the whole picture.
"cryptos" are just cheap imitations or scams. Any useful idea brought forth by a crypto project can be built on the bitcoin network. people like to say "bitcoin is myspace, insert-favorite-shitcoin-here is facebook". This demonstrates a fundamental lack of understanding. Bitcoin isn't a product like myspace. Bitcoin is a protocol, like TCP/IP that layers are built on top of.
They're all distractions to take your bitcoin and at the end you're holding their bags of shit. Don't believe me?
Pull up a chart.
Your shitcoins look high lately right?
Now instead of dollars compare it to BTC. (i.e. if you're looking at ETHUSD, pull up ETHBTC). Make sure you're looking at an exchange with some REAL price history.
You'll see your shit that's mooning has steadily been losing value when compared to bitcoin, not dollars which we all know are worthless.
You can also do this same comparison with your investment asset of choice, in the end BTC wins.
free resources to check it out for yourself:
tradingview.com
satflo.com
Sure you may get a momentary pump in USD value, but like I said...compare it to BTC and you're still down.
If you plan on holding ADA long term I suggest you look into Charles Hoskinson's past partnerships and business dealings it's quite easy to see that he's running a scam.
I plan to sell everything after another ATH in the next month and invest in my business. Doesn't matter if it's a scam if it makes me money.
I do understand that the market is manipulated by whales, similar to gold and silver, but that also doesn't mean at least some won't have real world value in the next decade.
I plan to sell soon, invest in my business, and possibly buy more when it all crashes in 8 months, then sell again at a profit in a couple years.
i know it's extremely lengthy, but this is an important read so please make the time. Feel free to read it with the intent to challenge my views on BTC. There's also an audio copy on Spotify and Audible
you made a quick profit in dollars......where 40% that's in circulation was printed in the past year alone. meanwhile doge (and all assets) continue to trend down compared in BTC value
Of that 40%, if most of it goes into paying down black-book debt, buying the bonds of companies that eventually founder, with a dribble going into the "inflation sinks" of crypto, prices of most real-world goods aren't necessarily going to rocket.
Sure. But before inflation catches up I can spend in assets. I have 4000 roumds of well stored ammo, got some silver on the way, considering buying food from like mypatriotsupply or a similar one that can hold 25 years, etc.
The loss of value for a shitcoin is likely due to a lack of adoption by the masses, and not due to some scam involving a tie-in of incompatible protocols.
Don't worry about it, gold is officially a tier one zero-risk asset and the silver market is about to blow. There's no counterparty risk with metals, their value is fundamental and prices have been suppressed for decades.
Bubbles do not typically burst and then come back (with exponential strength at that). Tulip bulb prices crashed once and it was over.
Tulips are not scarce. People can plant tulips and collect bulbs all they want. Bitcoin is inherently scarce. 21 million bitcoins - and only 21 million - can ever be made. That’s it.
I'm not a wallstreetfag but digital currency is NWO agenda. It goes hand in hand with the rfid implants. gates has patent for digital currency connection of biomechanics to let you earn money for doing certain tasks. which is "mining". I trust no one pushing digital currency, it is evil and part of the mark of the beast.
Half a year from now, people will be scrambling to exchange sluggish BtC for next-gen crypto with a viable future as a widely-circulating currency.
and if you go down the E.T. rabbit hole you will understand further what the idea of humans as miners is.
There are already patents for human body area networks and crypto that use your biorhythms (and worse) for proof of work, etc. Bill Gates couldn't even keep infections out of Windows and I'm supposed to trust him with protein computers? No. Hard pass.
I feels like we are stuck in that movie "Idiocracy"!
"...you will understand further what the idea of humans as miners is...."
Livin' the dream.
"I feels like we are stuck in that movie "Idiocracy"!"
Wrong move. (see link above)
I bought Silver coins one year ago... now they doubled the value. If you are fearing a total collapse of the financial system with little money to invest or secure... think long shelf life FOOD! In an collapse this is worth more than any Gold or Silver or Crypto. In the end everybody needs to eat and drink! Booze is also a good investment in such times. Buy cheap Booze and bury it in your garden. It just gets better every Year.
Food, coffee, booze, cigarettes, ammo.
Okay, Ricky. Lahey isn't going to like that.
Lahey is dead.
Also do not forget salt.
Cooking oil
This is the way.
A common software wallet has a 24 word passphrase that you can use to restore it. It is just an app or a website that keeps stock for you. It works well enough. If you want to use a hardware stick, you can do the same, but be aware, these sticks can break too. You can forget passwords et cetera. And sure, without power the whole thing is gone until it comes back up. It is not going to get you through any crisis. It is fiat currency like any currency, but at least you are in full control. There is no government creating and spending trillions of the currency, making your savings worthless.
Precious metals will be valuable, but are they really when society breaks down? Imagine a long drawn out war would start. What are you going to eat? Gold and silver may be used to get things from people who have actual food available, but would it not be better to have this food in the first place? I think most of the value of gold is perceived value as it is "always going to have value". I for one have never desired to own gold, because nothing can be done with it that I care about realistically, except for the odd gramm of it on elctrical contacts. Gold does not go bad, which is a good thing, but that is exactly why it was used for backing up the value of money. I think a lot of it simply is psychology.
Just makes the remaining 80% more valuable.
Hard wallet it’s not connected to the internet unless you use it.
don't use a 3rd party to custody your coins. the point of bitcoin is self-sovereignty. By letting somebody else hold your keys you are defeating the purpose of bitcoin. Like others said you can store a seed phrase or key. You can get a hardware wallet. You can engrave onto titanium or steel plates.
Many nodes and miners (increasingly so) are operating on solar or hydroelectric energy. Theres even at least one node in space.
Bitcoin can also be sent over ham radio
Bitcoin is to central banks, what torrenting is to the music industry and Hollywood. If you don't know that much about crypto, this is one of the most important things to know.
Also, Bitcoin has now been in existence for 11 years and many eyes worldwide have examined the software. No backdoors have been found as of yet and the system is very robust.
Doesn't mean of course that bad actors aren't trying to influence it. Of course bad actors are going to try and infiltrate the community and maybe try to push things that are bad for Bitcoin. But that will happen with any type of technology.
In the end it's not the technology that's bad. The internet can be used for mass-surveillance but it can also be used to wake the masses. Bitcoin on paper is a revolutionary idea, especially if you understand the 2008 financial crisis well enough.
At least you will know about the corruption with crypto.
This one will never go any lower. ;-)
Hah my gf makes me mine that with her I have like 75 pi. I hate the ads but I like the girl. ;)
Renew mining - ad starts - home button - close & relaunch app.
I muscle-memory that in about three seconds now once per day, and suffering one ad is well worth it. (I hear-tell that some non-affiliated sites and apps are springing up permitting vendors to market goods and services for escrowed Pi. For instance, on "The Pi Lifestyle", it currently has a fixed value of $100 per coin, which is amazeballs, and 10x the official buy-in price in BtC.
Moral of the story: crank 'em while ya can.
Your gf "makes" you mine? Oh lord.
Lol it was a small concession to keep peace as I keep buying and selling things as I please and she rolls her eyes. :) I expect they will be worthless.
Meh. I diversify in crypto too. If it crashes okay of it doesn't okay too. Im not sure the end game but even if crypto is bad make some money in it and buy guns and ammo and shit
That's a beautiful sight.
I really looked for a stock image that reflects my pile, but I actually have quite a lot larger pile of silver than is showed here - I do have 1000 silver dimes in there somewhere tho.
Ouch. Lost wallet keys are the worst. Here's to hoping you don't have a billion dollars in a landfill somewhere like that poor schmuck trying to dig up the countryside looking for an old hard-drive.
Couldn't you transfer the number?
Ouch. (shake fist at T-Mobile).
That is where you use social hacking to get your money back. Call the new phone owner and offer a reward to help you out.
Try calling them and asking if they can send you the verification code.
Seems worth it for that amount
I lost a few along the way too but I bought 1 btc at $100 and held until I couldn't hang on anymore. It feels like a bunch of free silver almost :)
I mined a Bitcoin back when it was $100
I was on silkroad when it was $2.50 a coin.
I will miss watching the rise and fall I guess but YOLO SILVER TO THE MOON.
Yeah I had the "free" crypto that you get when you register for a Coinbase account back in 2012. I logged in recently and it seemingly vanished. It was only like a small fraction of a btc (a satoshi) but it was still something.
I had that too. It’s $1500 now.
Some digital currencies are completely private. Those have been censored. Ultimately cross chain swap ate coming and then anybody will be able to gain privacy l. You re at the end of a cycle but some cryptos will keep going up.
Projects on nfts or projects with pepes like pepemon. Finance things will keep going up into march or july then august will be a terrivle.month. not sure if deep state does something silly but august is whrn you want 0 money in assets lioe stocks or classic cryptos.
Remember this. August is the big crash
Would you be willing to elaborate
Yeah, that's bonkers. If the DS is still around in May, let alone August, then something went wrong with Q, and we're all slaves anyway.
Something big might happen with silver this year.
Despite the price currently going down, it's hard to get.
And if you do get some silver, the premiums are WAY higher than they used to be.
Silver is a strong hold, especially as technology advances.
Im waiting weeks on a small 20oz order as it's being minted in line with all the other silver bugs.
Bitcoin is a honeypot to make crypto acceptable to the masses. It is NWO. It is openly hidden in the name: be it coin! That is fiat money. To the problems of crypto:
this hast got to be the most ill-informed garbage i've read all day.
Well, if you put dollars into crypto you are exchanging one fiat currency for another. Of course there are always going to be bubbles in markets. You can take advantage of some bubbles, but more than likely you will lose your investment. On the other hand, if you have a thousand bucks to spare and some time to learn something new, you could buy some options and make small gains at relatively low risks. But you will have to learn how to do this and take in a lot of information to predict market movements.
If you have the hardware already to mine ETH, then by all means. Do it. It is still profitable, despite the last few days seeing the price drop and difficulty increasing. In practice this has halved my income from it, but I do not rely on it. If it loses all its value tomorrow, I will not have lost much. Maybe a few hundred dollars in energy cost.
I would spend my money on making sure you can survive long term. You can not eat dollars nor can you eat gold or silver, bitcoins or ethereum. Learn a new skill. Buy some tools. Store some extra salt. Lighters. Canned food. Small investments that could turn incredibly valuable very quickly.
A lot of a self-pampering going on here from missing out. This is more than just a store of value this is smart contracts blockchain technology, etc etc etc... it's going to change the world more than the internet did.
Let me put it this way. The thing fiat and crypto have in common is, that is has no value in and of itself.
It does not mean that it cannot be used as a medium of exchange, but there is no value in and of itself to either a piece of paper or a "token" .
It also does not mean that people are not willing to pay a higher price to obtain an imaginary value.
The difference between fiat and crypto is scarcity. THere are two dimension to it. One dimension is the total number of coins to ever be available. To compensate for mining concentration, and thus power concentration, division into fractions is key. However, when division cannot compete with the amount of fiat chasing the same number of fractions, what happens? Indeed, the price in fiat will skyrocket. We have known this, at least, since Adam Smith.
And, Bitcoin can be manipulated by long and shorts.
Another difference is ease of use, volume. When compared to SEPA, bitcoin is to SEPA, what the stagecoach with horses is to modern busses. What is SEPA? It is the European payment platform to manage money transfers. It is called instantpayment. And instant it is, although a max of 24 hours is the actual standard, most payments are executed instantly.
Pre SEPA there was Paypal. Simply enter an emailaddress, the amount and you were good to go. Fintech's challenge is to bridge between payment systems: i.e. Paypal -> bankaccount; bankaccount -> Paypal.
So, it is to crypto systems to come up with a system that rivals SEPA but also bridges to and from it, to make transition easier. Fintech can play a fascinating role here.
If that is done, there is the dimension of usability. However, Bitcoin cannot process the volume that is needed to bring it to the moon. Other crypto's easily exchangeable for bitcoin, can add functionality to it, and extend usability and thus value.
Right now, bitcoin is very speculative. It is NOT a store of value in and of itself. But you could ride the wave to compensate for :
So, the best advice I could give is: enjoy the bitcoin rally and make sure you have your wallets setup, and some alternative crypto's to bitcoin. But most importantly: Have your selection of coins physically in your own storage, where you OWN it, hold it.
Understand what trust means. When someone says: this is trustless, you know you are not looking at the whole picture.
https://www.armstrongeconomics.com/world-news/central-banks/the-outage-at-the-federal-reserve/ This explains why Crypto is not the answer either.
this doesn't belong here but ill bite
"cryptos" are just cheap imitations or scams. Any useful idea brought forth by a crypto project can be built on the bitcoin network. people like to say "bitcoin is myspace, insert-favorite-shitcoin-here is facebook". This demonstrates a fundamental lack of understanding. Bitcoin isn't a product like myspace. Bitcoin is a protocol, like TCP/IP that layers are built on top of.
They're all distractions to take your bitcoin and at the end you're holding their bags of shit. Don't believe me?
Pull up a chart. Your shitcoins look high lately right? Now instead of dollars compare it to BTC. (i.e. if you're looking at ETHUSD, pull up ETHBTC). Make sure you're looking at an exchange with some REAL price history.
You'll see your shit that's mooning has steadily been losing value when compared to bitcoin, not dollars which we all know are worthless.
You can also do this same comparison with your investment asset of choice, in the end BTC wins.
free resources to check it out for yourself: tradingview.com satflo.com
ADA is going to the moon.
Sure you may get a momentary pump in USD value, but like I said...compare it to BTC and you're still down.
If you plan on holding ADA long term I suggest you look into Charles Hoskinson's past partnerships and business dealings it's quite easy to see that he's running a scam.
I plan to sell everything after another ATH in the next month and invest in my business. Doesn't matter if it's a scam if it makes me money.
I do understand that the market is manipulated by whales, similar to gold and silver, but that also doesn't mean at least some won't have real world value in the next decade.
I plan to sell soon, invest in my business, and possibly buy more when it all crashes in 8 months, then sell again at a profit in a couple years.
Are you suggesting that if people get into crypto they should stick w btc?
Yes.
https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/
i know it's extremely lengthy, but this is an important read so please make the time. Feel free to read it with the intent to challenge my views on BTC. There's also an audio copy on Spotify and Audible
Eh i put $10 into doge at .01 and made 60 dollars profit in a week when Elon tweeted out "DOGE" hahaha
i think you're missing the point.
https://www.tradingview.com/x/QF7MrKmT/
you made a quick profit in dollars......where 40% that's in circulation was printed in the past year alone. meanwhile doge (and all assets) continue to trend down compared in BTC value
Of that 40%, if most of it goes into paying down black-book debt, buying the bonds of companies that eventually founder, with a dribble going into the "inflation sinks" of crypto, prices of most real-world goods aren't necessarily going to rocket.
Sure. But before inflation catches up I can spend in assets. I have 4000 roumds of well stored ammo, got some silver on the way, considering buying food from like mypatriotsupply or a similar one that can hold 25 years, etc.
You go ahead and do that while all assets lose value against BTC.
I, on the other hand am taking dollar loans from my bitcoin collateral to purchase any assets I may need.
I have a bunch in BTC as well.
Not all of them, but yes most. You have to time it right
Yes, all of them.
The loss of value for a shitcoin is likely due to a lack of adoption by the masses, and not due to some scam involving a tie-in of incompatible protocols.
Don't put all your eggs in one basket. But you should try to get out of fiat as soon as possible imo.
Not financial advice.
Shit, now I've moved most of my eggs into metals now that you mention it. One problem begets another.
Don't worry about it, gold is officially a tier one zero-risk asset and the silver market is about to blow. There's no counterparty risk with metals, their value is fundamental and prices have been suppressed for decades.
https://charts.woobull.com/bitcoin-vs-gold/
$1 Invested in Bitcoin vs Gold over 11.4 years Bitcoin:$62,117,000.00 | Gold:$1.68
Bitcoin is tulip mania.
That's not how the burden of proof works.
If one claims that Bitcoin is a modern tulip mania, then the burden of proof is on them to demonstrate their claim to be true.
If one claims that Bitcoin is a bubble, then the burden of proof is on them to demonstrate their claim to be true.
It's no one's responsibility to demonstrate that Bitcoin is not a modern tulip mania or not a bubble, unless they make such a claim.
Ignorance really is bliss huh?
Bubbles do not typically burst and then come back (with exponential strength at that). Tulip bulb prices crashed once and it was over.
Tulips are not scarce. People can plant tulips and collect bulbs all they want. Bitcoin is inherently scarce. 21 million bitcoins - and only 21 million - can ever be made. That’s it.
I got 1 $GME and 1 $AMC just so I can still watch the market and hope for tendies. :)