Yeah. It’s just a derivative of the US dollar. When you buy bitcoin, that money is being used to buy US treasuries, so you are funding the US debt. The government loves it if you buy bitcoin and hates it if you are acquiring gold and silver. When the dollar collapses and loses its purchasing power, so will Bitcoin. Whatever purchasing power bitcoin had will collapse back into gold where it derived its value from in the first place. Just like all derivatives of the dollar will, like stocks, treasuries, real estate… you name it. It’s not that those assets don’t have value. They do. Just not their current purchasing power.
Gold and silver are real hard assets that have intrinsic value of their own. Not just they required energy to produce, but they have real world uses that set a floor on their value. For example, outside of oil, silver has the most patents and industrial uses and is absolutely strategic; in addition to having all the characteristics of money. Bitcoin has none of that. No one needs bitcoin for anything and most people and businesses won’t accept it for transactions. I can take an ounce of gold anywhere in the world, power or not, and exchange it for goods and services.
I don’t know what’s going on with this crypto bullshit but personally I’m not touching any derivatives in a financial collapse. I’m going to hold the original deposit all the derivatives derived their value from in the first place. Gold and silver.
It is a currency that is limited in supply. It is a digital store of weatlh. IF BTC is a ponzi, then all stocks are ponzi schemes as well, also throw in all investments, as they all depend on new money propping things up. Let the market decide anon.
Stocks provide a real return, and provide real world value to people in the form of goods and jobs, dividends, profits etc. BTC is scarce and limited supply, yes. But it is a breeding ground for fraud, not secure, eventually quantum computing could hack “everyone” and steal all their tokens. BTC is software, and in the tech world, new and better software ALWAYS comes out and is adopted, replacing the old tech. THIS WILL happen to BTC, because the bar to entry is LOW AF.. look at the thousands of competitors arising and taking market share from this mythical “scarce” token “BTC”.. actually doesn’t seem scarce when literally thousands of coins are created each Day.. millions of competitors now
Outside of dividends or majority ownership, stocks don’t really do anything.
Fraud is our USD that has lost 98%+ since 2013 and is yhe #1 money used in crime. Bitcoin is an open ledger and with computer forensics being what they are, way too risky to use for regular crimes. There are eay better ones (e.g. Monero, which they are removing from most exchanges because of its anonymity.)
If you can’t handle your BTC keys then don’t buy in, or just buy the ETF.
I think there are quite a few “better” crypto’s for money (e.g. KASPA), but it is excellent for what it does.
We both have our opinion but quite clearly the people and the market have already decided on BTC.
It’s a Ponzi scheme though, anon.
Yeah. It’s just a derivative of the US dollar. When you buy bitcoin, that money is being used to buy US treasuries, so you are funding the US debt. The government loves it if you buy bitcoin and hates it if you are acquiring gold and silver. When the dollar collapses and loses its purchasing power, so will Bitcoin. Whatever purchasing power bitcoin had will collapse back into gold where it derived its value from in the first place. Just like all derivatives of the dollar will, like stocks, treasuries, real estate… you name it. It’s not that those assets don’t have value. They do. Just not their current purchasing power.
Gold and silver are real hard assets that have intrinsic value of their own. Not just they required energy to produce, but they have real world uses that set a floor on their value. For example, outside of oil, silver has the most patents and industrial uses and is absolutely strategic; in addition to having all the characteristics of money. Bitcoin has none of that. No one needs bitcoin for anything and most people and businesses won’t accept it for transactions. I can take an ounce of gold anywhere in the world, power or not, and exchange it for goods and services.
I don’t know what’s going on with this crypto bullshit but personally I’m not touching any derivatives in a financial collapse. I’m going to hold the original deposit all the derivatives derived their value from in the first place. Gold and silver.
https://m.youtube.com/watch?v=6-kAz2dnN5Y&pp=ygUXUmFmaSBmYXJiZXIgZGVyaXZhdGl2ZXM%3D
You better watch out for Retard Finder.
Huh? Is this an insult? You saying I am retarded for thinking bitcoin is funding the US debt?
https://youtu.be/xjC9ysYY7rM?si=bSLkQnVCrSttQe9T
You believe Cantor Fitzgerald about anything you get what you deserve. You better run. Retard Finder might get wind of this.
It is a currency that is limited in supply. It is a digital store of weatlh. IF BTC is a ponzi, then all stocks are ponzi schemes as well, also throw in all investments, as they all depend on new money propping things up. Let the market decide anon.
Stocks provide a real return, and provide real world value to people in the form of goods and jobs, dividends, profits etc. BTC is scarce and limited supply, yes. But it is a breeding ground for fraud, not secure, eventually quantum computing could hack “everyone” and steal all their tokens. BTC is software, and in the tech world, new and better software ALWAYS comes out and is adopted, replacing the old tech. THIS WILL happen to BTC, because the bar to entry is LOW AF.. look at the thousands of competitors arising and taking market share from this mythical “scarce” token “BTC”.. actually doesn’t seem scarce when literally thousands of coins are created each Day.. millions of competitors now
Outside of dividends or majority ownership, stocks don’t really do anything. Fraud is our USD that has lost 98%+ since 2013 and is yhe #1 money used in crime. Bitcoin is an open ledger and with computer forensics being what they are, way too risky to use for regular crimes. There are eay better ones (e.g. Monero, which they are removing from most exchanges because of its anonymity.)
If you can’t handle your BTC keys then don’t buy in, or just buy the ETF.
I think there are quite a few “better” crypto’s for money (e.g. KASPA), but it is excellent for what it does.
We both have our opinion but quite clearly the people and the market have already decided on BTC.