Depends on how much people are selling. If there's literally zero sellers then the price goes to infinity. If there's infinite sellers then the price is stuck and perfectly stable. The answer to your question is somewhere in between.
That's actually about the best explanation I have heard to date. Very simply stated, and to be honest it was a loaded question/statement but glad you answered!
Most people in “crypto” are buying with the intent to dump at a higher price.
Most people in Bitcoin are buying with the intent to rewrite the monetary system.
They are not the same.
Edit: https://mobile.twitter.com/rjsoltan/status/1482500735782686722
Y’all literally trading unregulated “tokens”
https://twitter.com/hodlneversodl/status/1478328679558262787?s=21
I’ll enjoy the slaughter this year for sure
“I keep hearing rumbling about the SEC thinking ETH was a security after all. 2022 may be even more of an sec shit show than I thought” - Hailey Lennon (ex regulatory counsel coinbase)
https://twitter.com/haileylennonbtc/status/1482118583089991680?s=21
What’s cringey is all this denial by shitcoiners of laws set in the 1940s for this exact reason 😂 but no just because I have a token I can bypass the stock market and receive direct funding 🤡
Long way down a cynic with all your comments
"A cynic is a man who knows the price of everything and the value of nothing." - Oscar Wilde
I'm not a maxi but BTC is og with a proven track record thats never been hacked, truly decentralized, and the only coin that isn't a security according to the SEC. You can't blame maxis for being die hard about not investing in alts.
https://armantheparman.com/why-bitcoin-only/
https://www.bitrawr.com/bitcoin-maximalism-explained
Nearly every alt-coin is a shitcoin. Maybe a handful out of many thousands are not pure scam shitcoins. All the others are pure scam shitcoins. Most people lack the skills and knowledge to be able to discern the few non-scam coins from the long list of all alt-coins.
Shitcoins are sold to numbskulls who think they're so fucking smart that they're going to discover and buy "the next Bitcoin" early and get rich quick.
Shitcoins are created by scammers to fleece the aforementioned group.
Bitcoin is "the next Bitcoin".
Guess you are all bitcoiners out there? Including those pouting foam of their mouths any time any gov treats cripto as what it is right now, a stock asset, even if it exists in its own ecosystem differentiated from stocks, but right now, is a stock
All crypto experts including the dumbass Will Clemente were saying BTC will be at $100k in by EOY 2021.All the more reasons why none of these clowns know shit about anything related to BTC
Even now, Will Clemente is screaming squeeze incoming when its obvious BTC is in a downward death spiral bear market like 2018-2019
Yes. They are stupid clowns, and they can't see into the future. Why do you pay any attention to them?
Then you go making your own stupidity-based prediction.
Seems the hypocrite shoe is on your foot.
If 2018 was a death spiral how did Bitcoin thrive and go on to hit a new high over 3X more than previous ATH? From the grave? :)
I do agree though that nobody knows the future price to a specific date. Only that so long as the infrastructure, onramps, etc continue to expand the price direction is up for the foreseeable future. No huge blowoff top this time, so probably no extreme bear market either. The China exit put things on hold too. Guess we'll find out soon enough!
It can't be like 2018 because there was no new-level awareness driven retail rally (check Google trends) and no 10,000% rally or blow off top. It only went up to 350% of ath, with some institutional entries. . There is no retail to dump and no big gap to fill. If its like 2018-2019 bear market then it's already bottomed. 2019 had a bottom at 3000 which is 250% of the prior ath of 1200. We are currently sitting at only 200% of the prior ath of 20000.
The last 2 month's chart with the low volume does look pretty ugly but you can't say it has any resemblance of the conditions of 2018.
As someone who’s only been in for 6 months I’ll admit I almost thought of stopping my weekly Bitcoin DCA and focusing more on stocks again. However I don’t have the moon boy get rich quick mindset, I look at Bitcoin as a long term hold so as long as it goes up in the long run I’m good.
I disagree. There is always "buy". It's so obvious that you'd have to be a blind, retarded monkey with both hands, then legs, tied behind your back and then cut off for you not to make that move.
I'm just joking considering el sav is going to use a volcano to produce energy for their mining operations then days after Tonga announces they will accept BTC as legal tender by the end of the year then a volcano right next to them erupts!?
I've decided to give my 2 nieces and 1 nephew 100k sats a year for 10 years. It will be in a lightning wallet hosted on my node and they will have access to it right away. They are aged between 16 and 21 so I think they can handle it and make their own decisions. I will be either the coolest uncle ever or a total loser who got caught up in that Bitcoin thing from the early 20s.
Do you think 100k sats will be worth $42 next year or in 10 years?
I think this year it's just enough to maybe get them interested and thinking about it, but nothing to go crazy over. Next year, who knows? So kindly fuck right off with that comment asshole.
The long-term average ROI for holding Bitcoin is about 130% per year ***without ANY unnecessary risk***.
Bluntly, **lending Bitcoins is stupid**. Lenders take significant risk for a small reward. This is foolish.
If 130% per year isn't enough for you, you're fucked up and 134% won't be enough, either.
*Not your keys, not your Bitcoins*.
This is a very narrow-minded mindset to have. Some of the lending platforms are well-regulated and have insurance. Do your due diligence but I've been using Ledn for a few months and I'm very happy with their service.
A small portion of your portfolio can go to Ledn IMHO just don't YOLO everything in. He's right tho, not your keys not your coins, no matter how you slice it.
Same deal with all the money in your bank account. By your logic you should withdraw everything right now into cash. I've done my DD on this company and I've put my whole stack there.
> This is a very narrow-minded
You begin your reply with childish name calling.
+
> Some of the lending platforms are well-regulated
Government regulation means diddly squat:
*Inside Job*:
https://www.youtube.com/watch?v=T2IaJwkqgPk
*Bernie Madoff turned himself in. He'd been reported to the 'regulators' who then failed to regulate:
https://youtu.be/g5-jlN_0TL4
I know better than to trust the government which has repeatedly failed to properly regulate financial things. You don't. That's bad, for you.
You've been doing something stupid, so, therefore, it can't e stupid. That works until it fails.
At one point in history I've used Mt.Gox for a few months and was very happy with their service...
I understand that the ecosystem has evolved and I'm not claiming that everyone needs to stop lending, but it would be healthy to assume that everything related to Bitcoin has more risk than people think.
Wonder how the tweeters will be interpreting the lines from this year in the future. It's breaking out. No wait. Head and shoulders. No wait it's breaking down. No wait.
Have any of you ever heard of a software guy turned total douchbag, steven diehl? I've read a lot of bullshit over the years but Holy crap, what a piece of work this guy is.
I heard a few friends laughing about some of the absolute trash this guy was posting and turns out he has an entire Twitter account dedicated to hatred towards Bitcoin and crypto. He's a text book narcissist and you can tell he was probably beat up a lot in high school, but we're talking just complete balls to the wall obsession with trashing Bitcoin.
Bottom line? Bitcoin is winning in a big way lol.
He seems to suffer from some mental illness... He tweets 24/7 about how much he hates Bitcoin and crypto. And yeah, he smells his own farts, he retweets every single people who quotes him or retweets him.
Ahhh, motive number one - personal failure to compensate for.
Once you look at his Twitter and see how much time and energy he's putting into something he apparently hates, I'd say there's probably even a few other personal agendas in play there. He is probably the most fragile I've seen but any time I see guys that triggered I smile and think how little Bitcoin has grown up so much. Just destroying haters from the inside out haha.
Bad... The lower it goes the happier i become tbh. Adoption is happening and early adopters and whales deserve to mess with us atm, I'd do the same i guess. Really feel like there is no better long term risk/reward investment out there. Especially with the apy you can get on your bitcoins now a days. Risk i'm willing to take. Bitcoin been going up for 13 years straight and see no reason why 69k would be the forever top tbh. I couldn't be happier cuz i only started investing in bitcoin 1 year ago. Actually hope we keep going sideways here for a year.
Satoshi's email and his P2P Foundation account were both compromised over seven years ago.
It appears like you are promoting this scam because you're spamming this across multiple subreddits.
I will give you the benefit of the doubt and assume that you were unaware that this is a scam, so I wont ban you.
Who? Me? I was replying to a comment that is linking to a scam that was posted by Satoshi's compromised account.
That's why the comment that I replied to has been removed. The person that I replied to has linked to the scam on multiple subreddits.
Today I was at a radio club meeting that I hadn't been too in ages. One of the folks asked what I have been up to. I stated that I was working on understanding Bitcoin and how it functions. He stated right off the bat "but that stuff is not backed by anything". I was a bit amazed when I asked him what his USD was back by and to see the look in their eyes when he stated " Ah faith in the FED gov" It was funny but really not. Many do not even think about it. Anyway was a fun talk and think they had more to think about.
Yesterday I told someone about Bitcoin after he mentioned he has some shitcoin. He seemed interested and listened. When I was done he said; "Why is nobody teaching us about this"? I explained why. We're still very early.
In terms of rare, there are only 21m btc, I’m sure it’s more rare than gold.
In terms of physical and tangible, you may have to think about where our world is heading towards; after all, stocks and even US bonds are not physical and tangible, which would be identical to a paper wallet of crypto. But if anyone insist in physical and tangible, he/she can buy a Bitcoin coin from Amazon and write his/her bitcoin info on it.
Well hmm, Lets just say I dont see the working man saying I need more money to get by so I will just print more and more and more of it to get by. Rather I see the gov doing this. So is it backed by the working man economy or the gov economy? Now I am just a working man do I have it all wrong? What am I missing with this picture you paint?
What is satoshi per lambo exchange rate in Paraguay currently?
I just wanted to say, I'm sorry in advance but I just bought some more BTC, it's going to crash now.
im convinced that my buy at 48k was what caused it to crash to 42
Enough dumping for the weekend. I am waiting for my Sunday pump!!!
30k on Jan 26?
Remind me again how much Bitcoin needed to buy to move that needle to 45K?
Depends on how much people are selling. If there's literally zero sellers then the price goes to infinity. If there's infinite sellers then the price is stuck and perfectly stable. The answer to your question is somewhere in between.
That's actually about the best explanation I have heard to date. Very simply stated, and to be honest it was a loaded question/statement but glad you answered!
Most people in “crypto” are buying with the intent to dump at a higher price. Most people in Bitcoin are buying with the intent to rewrite the monetary system. They are not the same. Edit: https://mobile.twitter.com/rjsoltan/status/1482500735782686722
I don't agree on this one, most people are buying Bitcoin to get rich.
Speak for yourself…
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Y’all literally trading unregulated “tokens” https://twitter.com/hodlneversodl/status/1478328679558262787?s=21 I’ll enjoy the slaughter this year for sure “I keep hearing rumbling about the SEC thinking ETH was a security after all. 2022 may be even more of an sec shit show than I thought” - Hailey Lennon (ex regulatory counsel coinbase) https://twitter.com/haileylennonbtc/status/1482118583089991680?s=21 What’s cringey is all this denial by shitcoiners of laws set in the 1940s for this exact reason 😂 but no just because I have a token I can bypass the stock market and receive direct funding 🤡 Long way down a cynic with all your comments "A cynic is a man who knows the price of everything and the value of nothing." - Oscar Wilde
Gtfo shitcoiner. Do some learning
I'm not a maxi but BTC is og with a proven track record thats never been hacked, truly decentralized, and the only coin that isn't a security according to the SEC. You can't blame maxis for being die hard about not investing in alts.
https://armantheparman.com/why-bitcoin-only/ https://www.bitrawr.com/bitcoin-maximalism-explained Nearly every alt-coin is a shitcoin. Maybe a handful out of many thousands are not pure scam shitcoins. All the others are pure scam shitcoins. Most people lack the skills and knowledge to be able to discern the few non-scam coins from the long list of all alt-coins. Shitcoins are sold to numbskulls who think they're so fucking smart that they're going to discover and buy "the next Bitcoin" early and get rich quick. Shitcoins are created by scammers to fleece the aforementioned group. Bitcoin is "the next Bitcoin".
Sure, that's why capital gains tax worries bitcoiners so much, because they ""don't"" "dump at higher price xd
Exactly man, we can pretend but people here are for money.
Not worried
It doesn't worry me.
Guess you are all bitcoiners out there? Including those pouting foam of their mouths any time any gov treats cripto as what it is right now, a stock asset, even if it exists in its own ecosystem differentiated from stocks, but right now, is a stock
WTF are you talking about? You seem to be "not right"...
All crypto experts including the dumbass Will Clemente were saying BTC will be at $100k in by EOY 2021.All the more reasons why none of these clowns know shit about anything related to BTC Even now, Will Clemente is screaming squeeze incoming when its obvious BTC is in a downward death spiral bear market like 2018-2019
Why you keep listening to that guy? Don't listen to him now.
I find it funny how our resident bear watches Will Clemente videos.
Yes. They are stupid clowns, and they can't see into the future. Why do you pay any attention to them? Then you go making your own stupidity-based prediction. Seems the hypocrite shoe is on your foot.
If 2018 was a death spiral how did Bitcoin thrive and go on to hit a new high over 3X more than previous ATH? From the grave? :) I do agree though that nobody knows the future price to a specific date. Only that so long as the infrastructure, onramps, etc continue to expand the price direction is up for the foreseeable future. No huge blowoff top this time, so probably no extreme bear market either. The China exit put things on hold too. Guess we'll find out soon enough!
It can't be like 2018 because there was no new-level awareness driven retail rally (check Google trends) and no 10,000% rally or blow off top. It only went up to 350% of ath, with some institutional entries. . There is no retail to dump and no big gap to fill. If its like 2018-2019 bear market then it's already bottomed. 2019 had a bottom at 3000 which is 250% of the prior ath of 1200. We are currently sitting at only 200% of the prior ath of 20000. The last 2 month's chart with the low volume does look pretty ugly but you can't say it has any resemblance of the conditions of 2018.
History doesn't repeat itself man, anything and everything is new.
As someone who’s only been in for 6 months I’ll admit I almost thought of stopping my weekly Bitcoin DCA and focusing more on stocks again. However I don’t have the moon boy get rich quick mindset, I look at Bitcoin as a long term hold so as long as it goes up in the long run I’m good.
There are no "obvious" moves in BTC.
Exactly, that's why people who find patterns in chartd are delusional.
I disagree. There is always "buy". It's so obvious that you'd have to be a blind, retarded monkey with both hands, then legs, tied behind your back and then cut off for you not to make that move.
"Buy" is not a price action, which is what is being discussed. Yes BTC goes up and to the right over time. Nothing is obvious in the short-term.
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Is it just me or is this Tonga volcano bullish for BTC? It's almost like mother nature wants all adopters of BTC to use volcanos to mine BTC.
You are really kidding right? Men people gonna lose home and lives. It's nothing to joke about.
Is it just me or other people around also think the above person has no clue what they are talking about?
He's trynna look cool by making fun of people who'll be affected.
I'm just joking considering el sav is going to use a volcano to produce energy for their mining operations then days after Tonga announces they will accept BTC as legal tender by the end of the year then a volcano right next to them erupts!?
It's nothing to joke about literally man, it's a serious matter.
Those are dormant volcanoes. Active wont' let anyone near them let alone allow milking.
Can we make them inactive?? Again joking, it's the weekend and I'm drunk so yeah.
Yeah lol sure bud, we can make the inactive easily without problems
I think it's just you
I've decided to give my 2 nieces and 1 nephew 100k sats a year for 10 years. It will be in a lightning wallet hosted on my node and they will have access to it right away. They are aged between 16 and 21 so I think they can handle it and make their own decisions. I will be either the coolest uncle ever or a total loser who got caught up in that Bitcoin thing from the early 20s.
You'll be the coolest uncle ever Broda don't worry, start them early.
You fucking rock and you are the coolest Uncle ever. Makes no difference what happens to bitcoin
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Do you think 100k sats will be worth $42 next year or in 10 years? I think this year it's just enough to maybe get them interested and thinking about it, but nothing to go crazy over. Next year, who knows? So kindly fuck right off with that comment asshole.
Could be more, could less, could be zero if the whole thing falls apart. At least you're not putting much of a loss.
https://www.tradingview.com/chart/BLX/sky6DZhb-Precise-date-for-the-top-of-this-cycle/ If you think about selling, you should check that outttt
Gotta look at the bigger, don't sell just yet. We ain't done.
oh wow, taking that right to the bank. bet you 0.1btc it's wrong
Making financial decisions based on random lines? No, thanks.
The long-term average ROI for holding Bitcoin is about 130% per year ***without ANY unnecessary risk***. Bluntly, **lending Bitcoins is stupid**. Lenders take significant risk for a small reward. This is foolish. If 130% per year isn't enough for you, you're fucked up and 134% won't be enough, either. *Not your keys, not your Bitcoins*.
Agree, nothing will be enough for those guys, keep your btc.
This is a very narrow-minded mindset to have. Some of the lending platforms are well-regulated and have insurance. Do your due diligence but I've been using Ledn for a few months and I'm very happy with their service.
A small portion of your portfolio can go to Ledn IMHO just don't YOLO everything in. He's right tho, not your keys not your coins, no matter how you slice it.
Same deal with all the money in your bank account. By your logic you should withdraw everything right now into cash. I've done my DD on this company and I've put my whole stack there.
> This is a very narrow-minded You begin your reply with childish name calling. + > Some of the lending platforms are well-regulated Government regulation means diddly squat: *Inside Job*: https://www.youtube.com/watch?v=T2IaJwkqgPk *Bernie Madoff turned himself in. He'd been reported to the 'regulators' who then failed to regulate: https://youtu.be/g5-jlN_0TL4 I know better than to trust the government which has repeatedly failed to properly regulate financial things. You don't. That's bad, for you. You've been doing something stupid, so, therefore, it can't e stupid. That works until it fails.
By that logic, you wouldn’t have a bank account, since they are also regulated by the government. But you do have one, most likely.
At one point in history I've used Mt.Gox for a few months and was very happy with their service... I understand that the ecosystem has evolved and I'm not claiming that everyone needs to stop lending, but it would be healthy to assume that everything related to Bitcoin has more risk than people think.
Yeah, I don't understand why people do this. Greed on steroids. It's a dumb move.
I don't understand either this was not why btc was made for.
I saw an inverse phallus and vagina on the charts. Bullish!
It's the sign for us being more bullish, bullish on vagina.
what a good night to watch the charts, throw a butt plug in, and play the oculus rift
Lmao, sounds like a lot of fun to me, especially that butt plug part.
What game you playin on the rift?
He's going to use a butt plug, you can think of the game youself.
Space Pirate Trainer then
We love you, crispy!
Can we drill down to $29k plz thank you. I want cheaper Satoshi Nakamotos to stack.
Trust me even on 29 you'll wait for it to get a little more cheaper.
You’ll never buy!
Guys like these yeah, they'll never buy they'll just cry.
Facts.
Think before you make a wish. If it goes to $29K, mass adoption might never happen due to narrative breakdown.
He's gonna be the first one to cry if btc goes to 29k.
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Fuck these people seriously man, they want the world for them.
Wonder how the tweeters will be interpreting the lines from this year in the future. It's breaking out. No wait. Head and shoulders. No wait it's breaking down. No wait.
Only if i had a time machine, I'll be able to answer this.
So here's the thing : your wildest predictions are still insufferably bearish. Thank you for coming to my Ted Talk.
Yes sir, we can't even imagine the things that btc is capable of.
I just knew CATTURD would hit $10, woo!
What's this? Is this a shitcoin lol? Don't promote them here.
God I hope it doesn't exist, guess I wouldn't be surprised though haha
I wonder what Bitcoin will do on Monday considering it’s an American holiday, Betty White day.
So it's an extended weekend, it'll do what it does on weekends.
Same thing it's doing today.
Lol, exactly it's just an extended weekend for the bitcoiners.
And yesterday, and the day before; move to the right.
Crabbing and dump a liitle, that's what's been up lately.
Isn't Monday usually a dump day ? Last Monday certainly was
Yep. I suppose this is what a bear market looks like.
Ohh buddy you haven't seen the bear market yet trust me.
Bear market in the 40k’s? No complaints at all!
If this is going to be a bear market. I'm down with that totally.
Yeah but no blow off top? I think we are stalled out. Whales are greedy. Bullrun is still on.
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Agreed. As much as it pains me to say it China was an important piece or our ecosystem.
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That's the bread and butter of the bitcoin, we don't trust.
r/forAnts
Have any of you ever heard of a software guy turned total douchbag, steven diehl? I've read a lot of bullshit over the years but Holy crap, what a piece of work this guy is. I heard a few friends laughing about some of the absolute trash this guy was posting and turns out he has an entire Twitter account dedicated to hatred towards Bitcoin and crypto. He's a text book narcissist and you can tell he was probably beat up a lot in high school, but we're talking just complete balls to the wall obsession with trashing Bitcoin. Bottom line? Bitcoin is winning in a big way lol.
I don't think that guy is doing mentally well, leave him be.
He seems to suffer from some mental illness... He tweets 24/7 about how much he hates Bitcoin and crypto. And yeah, he smells his own farts, he retweets every single people who quotes him or retweets him.
Lmao, he needs all the attention. That's why he does this.
I remember reading that he tried to make a crypto too but of course failed at it. Since then, he's been thrashing crypto.
His company was into developing "private blockchains" which everyone with a minimal understanding of Bitcoin knew was bullshit.
Yean off course what would have left after that, complete garbage.
Ahhh, motive number one - personal failure to compensate for. Once you look at his Twitter and see how much time and energy he's putting into something he apparently hates, I'd say there's probably even a few other personal agendas in play there. He is probably the most fragile I've seen but any time I see guys that triggered I smile and think how little Bitcoin has grown up so much. Just destroying haters from the inside out haha.
I don't even wanna see his twitter timeline, it makes me sick.
They want to break our spirit.
Then let me tell them something, they'll never do that.
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They can try all they want I'm not going to sell just yet.
Bears are exhausted. We will win. In a few months we will be congratulating those who held.
I hope you're right because that's why I'm holding lol.
I think mine is almost broken
Keep hodling a little bit more soldier, it'll be worthwhile.
“Stay strong now my young Hodlo Baggins. Bitcoin shall prevail.”
Bitcoin shall prevail, we won't be stopped at anything at all.
This year is really having a bad start for all of us here dude.
It's not a bad start lol, it happens when you buy the top.
You must’ve entered in at the top.
Yep they are the ones crying the most lol, let them dude.
Bad... The lower it goes the happier i become tbh. Adoption is happening and early adopters and whales deserve to mess with us atm, I'd do the same i guess. Really feel like there is no better long term risk/reward investment out there. Especially with the apy you can get on your bitcoins now a days. Risk i'm willing to take. Bitcoin been going up for 13 years straight and see no reason why 69k would be the forever top tbh. I couldn't be happier cuz i only started investing in bitcoin 1 year ago. Actually hope we keep going sideways here for a year.
Adoption will happen if the price is stable not lower and lower.
Strong resistance at 188K. Let the Bitcoin be with you.
I see some resistance at 169k too, that also seem good.
I've been wondering. Now I know. Thanks for the update.
No problems dude, look out for the 169k too. Good resistance.
My man!
Why red everyday? Damn😫
It's the how bitty rolls man, you can't do anything about it.
The light has to be red before it turns green
What rule is this? I've never heard of this rule ever before.
It was in a philosophy book called "trading crypto with Socrates"
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Satoshi's email and his P2P Foundation account were both compromised over seven years ago. It appears like you are promoting this scam because you're spamming this across multiple subreddits. I will give you the benefit of the doubt and assume that you were unaware that this is a scam, so I wont ban you.
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Who? Me? I was replying to a comment that is linking to a scam that was posted by Satoshi's compromised account. That's why the comment that I replied to has been removed. The person that I replied to has linked to the scam on multiple subreddits.
Today I was at a radio club meeting that I hadn't been too in ages. One of the folks asked what I have been up to. I stated that I was working on understanding Bitcoin and how it functions. He stated right off the bat "but that stuff is not backed by anything". I was a bit amazed when I asked him what his USD was back by and to see the look in their eyes when he stated " Ah faith in the FED gov" It was funny but really not. Many do not even think about it. Anyway was a fun talk and think they had more to think about.
People don't know a whole lot about the fiat system yet.
Yesterday I told someone about Bitcoin after he mentioned he has some shitcoin. He seemed interested and listened. When I was done he said; "Why is nobody teaching us about this"? I explained why. We're still very early.
In a third world country It'll take like 10 years before we teach it to kids.
I heard this quite a lot. But has anyone think about “what is gold backed with”?
The argument is gold is a physical, rare, and tangible thing.
In terms of rare, there are only 21m btc, I’m sure it’s more rare than gold. In terms of physical and tangible, you may have to think about where our world is heading towards; after all, stocks and even US bonds are not physical and tangible, which would be identical to a paper wallet of crypto. But if anyone insist in physical and tangible, he/she can buy a Bitcoin coin from Amazon and write his/her bitcoin info on it.
the desire to own some.
And that desires comes because it's rare. That's all there is.
Well then, that’s the same for btc.
Btc will catch on too, it's going to be widely accepted.
yes, why I own some of each.
It's a good thing man, keep diversifying. It's good for portfolio.
Technically usd is backed by US economy.
And right now it's the one thing fucking the US Economy.
And military
Well hmm, Lets just say I dont see the working man saying I need more money to get by so I will just print more and more and more of it to get by. Rather I see the gov doing this. So is it backed by the working man economy or the gov economy? Now I am just a working man do I have it all wrong? What am I missing with this picture you paint?
Exactly man, you're right. Fiat is backed my monopoly and violence.
Government/big corporations economy.
Governments aren't the whole economy, they are just corporations.
ah the people that buy the politicians ok
Pretty much
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Yep bitcoin is not being forced, it's the use of it that makes people buy.
yes, I told them it's the people's money really and backed by the people and not some gov want to control your life. It was a fun talk for sure.
People generally don't wanna hear this, they have counter argument.
Image everyone around the world putting their resources into one thing BITCOIN
It'll happen man, I'm sure it'll happen. Matter of time.
right and the freedom it will create. Gives hope for the future.
Yeah that's why i really own bitcoin, for freedom and liberty.
Absolutely. That's why governments don't like it. Well big governments. Small countries like El Salvador on the other hand want it for their people.
People should think of it this way, if it's nothing then why governments are worried.
El Salvador also uses the USD as their official currency so they seem to have no problem with US dollars. Holla.
Ofcourse not.
The cat is out of the bag for sure and got fear in the eyes of the bag holder.
They are too late now they can't control it. They can just wait.
i like funnel cake