👏 US SEC approves bitcoin ETFs in watershed for crypto market 👏 - The Great Awakening

👏 US SEC approves bitcoin ETFs in watershed for crypto market 👏 (www.reuters.com)

posted 322 days ago by damnImgood 322 days ago by damnImgood +23 / -0

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– VoatAnon1984 3 points 321 days ago +3 / -0

Fuck bitcoin. If you can’t hold it, it’s not yours.

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– damnImgood [S] 2 points 321 days ago +2 / -0

Why do you say fuck BTC? We know the advice is to hold it, which isn't hard to do. So not sure what your point is fren.

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– VoatAnon1984 3 points 321 days ago +3 / -0

You cant hold it - touch it. It only existences inside a computer, as long as there is electricity. It has no intrinsic value. It does nothing - it’s nothing - just a made up code. What does it do, represent something else? Another fiat?

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– sillBag 2 points 321 days ago +2 / -0

How’s this any different than any stock?

While Bitcoin is all digital, the value for it is completely legitimate.

What makes gold valuable PRIMARILY?

rarity… it’s not that easy to find.
cost to mine it and refine it is high.
It can be melted down and made into jewelry, which is really just another form of “holding gold” investment.

What makes BTC valuable PRIMARILY?

rarity… there are only 21m of them.
electricity cost to mine 1 bitcoin is incredibly high in most parts of the world. It also requires a great amount of luck to be the one to win the block reward.
it can be transacted globally instantly without any middleman or government able to stop you from doing that.
it cannot be seized (like gold was), they can try but there is no physical means to enforce it or easy ways to prove who owns what btc’s.
privacy

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– VoatAnon1984 3 points 321 days ago +3 / -0

What does “privacy” mean with BTC?

How is BTC stored? On a server? Can a server be seized?

You dont see any othee primary value in just Gold (excluding other metals?) Electrical conductivity, thermal properties, antiseptic properties. The fact that it makes up part of the microchip that the BTC exists - perhaps it has more value than the BTC itself, considering it gives it life.

It doesn’t even need energy to exists once it has been mined and really, small scaled mining (panning) doesn’t take much human energy.

Jewelry isn’t really a practical use in my opinion.

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