"One day everyone will use China's digital currency"
You think patriots would let that happen?
(Note that BtC has popped almost x6 since about the exact date this article was published last September. True, the fiat dollar bloated, but by nowhere near enough to justify even half of that move.)
Not a single person I know that owns BTC or ETH/LTC/etc, for that matter, can tell me what they can do with it. It’s comical!
Crypto can move vast sums without having to go through a central bank.
Bitcoin and other cryptos are deflationary; you can't hit a button and create more of them.
Ether and other "smart contract" cryptos can automate insurance settlements and real estate purchases without going through a human.
Chainlink connects offchain to onchain with smart contracts. I bought it at 20c and it’s $30 now. Smart contracts are very intriguing
Nice haul. I'm a slice-hog.
22k pi. Praying it will be worth something one day
"Crypto can move vast sums without having to go through a central bank."
The OP concerned Bitcoin in particular, not crypto in general. Obviously we are all seeking to exit the central-bank cabal.
"you can't hit a button and create more of them."
You can't hit a button and create more shares of Hertz either (the company itself actually tried before they went under, and got spanked). Scarcity is an argument sold to and relayed by bagholders. What matters is whether or not the components of the category (companies, cryptes) are in scarce supply, and neither are. Sans cabal boostering and protection, eventually an overpriced commodity will be required to perform superior relative to its brethren. As far as I can tell, the only thing Bitcoin does best is "be first". Well, that'll wear off.
Bitcoins supply is literally scarcer than fiat, stocks, and probably precious metals. Maybe only land is scarcer, but it's propped up by fake Fiat currency.
Bitcoin/Crypto is the antidote to the Great Reset and I feel bad for patriots who don't see it
Bitcoin is not scarcer than class-a or class-b stock, or corporate bonds, or class-c "common" shares of delisted husks, nor is it scarcer than antiques and other rare-artifact numismatics (all of which are far better "stores of value" than crypto, and insurable to boot). Nobody ever worries about Ferarris made in the 1960s suddenly plunging in value 40% overnight. Last of all, it's not scarcer than real-estate.
Yes, it's portable -- but only a tiny sliver of people currently in BtC use it for the express purpose of transporting wealth in a personal carried flashdrive wallet. The vast majority of hodlers are Coinbase and Binance speculators.
Wtf are you talking about? A single bitcoin can be broken down into 100 million satoshi. Now multiply that times the max number of bitcoin...
Using that logic my excel spreadsheet is a ledger system with many less fields available. I'll sell you the entire first row of cells for 10 bucks a fell...
I for one, am moving to ETH. Their supply will start diminishing in July, and should have unlimited price ceilings due to scarcity as well.
Yup the value is the blockchain system.
You ARE the OP, why are you implying you arent OP?
I did no such thing, and you evaded the point:
"The OP concerned Bitcoin in particular, not crypto in general. Obviously we are all seeking to exit the central-bank cabal."
I’m a fan and own multiple, PM stonks bonds memorabilia all sorts o shit my wife says I don’t need but I can sell it all! Just funny when I talk to neighbors that own some but don’t have a clue and are just getting in. Cause Bitcoin.
I use it to carry large sums of money with me across borders with 0% chance of seizure. Try that with gold or dollars lol
Oh I understand. I own many and have traded it for years. Wife thought I was crazy til I started bringing in extra thick cut bacon.
I love thick cut bacon....
EXTRA
It’s easy use the maglevs in the underground tunnels. Voila.
I travel for business and pleasure. No thanks on the thumbdrive, that could be confiscated easily at customs. 24 words is all I need to pay for food, water, and yes dabs
I've slowly converted my crypto gains into physical assets... and profits from BTC specifically to zero out my car loans and mortgage.
Everything left in my crypto account is "play money" as it was leveraged to fill a secured safe with silver and gold while cancelling all of my debt.
Oh, you can also gamble with it too. I turned 0.5 ETH into 6 ETH playing Texas Hold'em online in one night.
How's that?
Oh really? Well i like texas holdem lol where's this game?
The aptly named "BitcoinCasino" > USA friendly crypto gambling. Some hurdles when signing up, but if you've got BTC or ETH burning a hole in yer pocket. Hit up the table games.
Bet low and slow at first; make sure it's not buggy. I had a few hiccups early on.
Or just cash out some crypto and hit up an old school casino!
Good luck!
I know two people who each have over $2 million each in crypto coin. Even if they go bust it’s ok since it’s a small portion of their wealth. I had a roommate who made millions mining it 2 years ago and also lost millions and won’t ever touch it again. Had like 2,000 miners (computer mining crypto).
There's nothing the IRS loves to do more than patiently wait until you've lost a pile during a crash and cashed out the remainder, then put a lien on your bank account for tax-avoidance.