Anybody have the current year-to-date return on ETH compared to Bitcoin? Hint: you would have made a shitload more $$$ if you bought ETH instead of Bitcoin. "The 'market' is speaking" and they are saying something about superior blockchain technology.
Yea not commenting on bitcoin but its pretty obvious Okung is a nut job. Obviously a rich nut job but still.
He’s not Lebron, but I don’t really care about his politics. Apparently members of the Nets and Yankees are going to do this too.
the proselytizing bitcoin people do vs i dunno, just quietly buying the thing that will make them all billionaires, seems like kind of a tell
The term missing the Forrest for the trees comes to mind. Pro athletes are getting paid in bitcoin is the take away, and many more will soon be.
i dont have strong feelings about it in general, i just find the marketing attempts by even just folks with little investment all the way up to be hard to square with the more technical arguments for why bitcoin is the greatest investment ever
A tell as to what? It is a better way of saving and storing value for everyone...rich/poor, american/citizen of another country with massive inflation, etc. It's turned into a $500b+ network with no CEO and no centralized leadership in like 10 years. And your complaint is that people talk about it in a way that causes others to maybe realize its use and benefits?
a tell as to what's pulling more weight on its valuation i was hoping in this thread of three people proselytizing for pages on end someone could square the we've found hidden treasure aspect with the relentless desire to get others to invest in it as well. why not just keep investing knowing the underlying aspect is rock solid? otherwise it seems its just a tech bro version of gold obsessives.
I have continually bought with each pay check for over 3 years knowing that it is rock solid. I post news in here and address misconceptions when I feel like it. It’s hilarious that you think we are proselytizing when I don’t give a single fuck whether a single person on this board ever buys btc. The investment case is not based on members of tmb buying it. If you followed any news in the space and saw the public companies and investment firms buying hundreds of millions of it, you’d probably realize that. How’s this for squaring telling friends/family about it? It is maybe the only chance I’ll ever have to front run hedge funds, pension funds, and central banks for a publicly available asset that has a use case in the hundreds of trillions of dollars.
Some people are religious but you don't really know about it unless you get to know them well. Its a personal thing and they don't make it an outward thing. Then you have guys like Tebow that can't have a 2 minute conversation without preaching to you. It becomes who they are, what they are known for. I feel like 95% of BTC guys are the Tebow version.
this is a half way decent explanation even if its bathed in defensiveness but you're still proselytizing as seen by...the defensiveness and hundreds of posts over years making the case for it/defending it whenever someone makes a snide remark about it. maybe you're just being a nice guy trying to help everyone out with a solid investment! maybe you believe in the underlying aspects but see financial security in it growing in popularity and adoption among institutions, which is fair but might kneecap your own financial gain due to there still being some doubt in your mind about it. all fair explanations for the marketing aspects so many bitcoin folks take part in. i don't think questioning the near cult like nature of bitcoin corners of the internet is a bad thing and as someone who believes in the underlying arguments for it you should be happy to square my question.
been a lot of writing about how decline in religiosity is getting replaced by idiosyncratic incorporation of other beliefs into peoples identities. 100% some of that happening with btc where when it's successful people see it as affirmation of themselves.
Lol at the psychoanalysis taking place in your post when you (1) don't know anything about me, (2) don't know anything about my motivations, and (3) profess to have no strong feelings on btc. So you're here to do what besides act holier than thou? I treat stupid posts about ponzi schemes and tether conspiracies as stupid. I've made millions of dollars in it, so while I appreciate your concern about my own financial gain being kneecapped (which doesn't make much sense; I'm all for massive institutions entering the space), I'll be just fine thanks. It could go to zero tomorrow, but that is a risk I am willing to take. As for squaring your question, you have been far from clear on what you're even asking. I'll try to read your mind: why do bitcoiners talk about bitcoin and proselytize (to use your word)? I've already answered that, but I'll try again: -It is revolutionary savings and store of value technology. -It fixes quite a few monetary problems. -It is a once in a lifetime investment opportunity. When the use case is "next global reserve currency," it doesn't take a rocket scientist to figure out why thousands of smart people are building careers in the industry, creating content, and talking about it.
but why limit your own capacity to benefit from it by telling everyone about it? most people who are investing see benefit from investing unilaterally when they see an avenue for value, not going around telling people about the value add as they can keep gaining off it every paycheck until the value deficit they're leveraging is gone. that's been my question the whole time. I don't find the explanation that people are doing it from the kindness of their hearts to help others convincing. for the people trying to build platforms for trading, etc I get they want to grow the amount of people investing, but for the individual investor the opposite seems to be the best case for them.
Lol, you must hate the investment thread where people share trades and proselytize their equity positions.
Ah ok. I, individual investor, do not believe that telling friends/family about btc has any meaningful impact on any price movement. I'm of the belief that the public company, insurance company, investment fund, pension fund, cascade is going to happen, and it will happen soon. When Paul Tudor Jones, Stan Druckenmiller, Mass Mutual, Square, Microstrategy, Guggenheim, and others are publicly taking positions in btc, when the CIO of Guggenheim is on Bloomberg saying that they internally value it at $400k, when Blackrock is talking about it, when Fidelity is recommending at 5% allocation to it, etc. then the snowball is already rolling downhill. I tell friends/family about it so that they can do their own research and come to their own informed conclusions. Friends/family buying a few hundred grand doesn't matter when Microstrategy and its CEO bought $1.3 billion. And even if it's gold for tech bros (which I disagree with because it is orders of magnitude better than a shiny dumb rock), then the upside is a $10 trillion market. This also seems relevant to the discussion: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry" - Satoshi Nakamoto
i like to read the arguments for why people are investing in things, but its almost exclusively just gambling and people largely have already invested as much as they want to risk in those scenarios prior to publicizing their position. so not apples to apples either. next time strip the 80% of your posts that is being defensive and this conversation would have happened much faster but also the bold is the exact opposite of what you've done for years so ok cool hook em, but i appreciate you answering somewhat reasonably at last!
i make fun of the day traders in the investing thread too if that helps limit you all think i'm unfairly picking on bitcoin, i'd read a few more articles lately as its up, had a question for the folks on here who've followed it for years thought it was straightforward!
Next time ask your question instead of beating around the bush. I honestly can't tell if you're playing dumb or are genuinely curious. Why do people care and talk about an asset class that has gone from $0 to $500B+ in ~10 years and that could be the next global reserve currency?? That's not exactly a difficult question, and given the discourse in here, it's unlikely to be met with a genuine response. I've gone back and forth in here over the years in an attempt to counter misconceptions, but it's admittedly not worth my time. I've responded to DMs on here, sent countless articles to friends/families/coworkers who are curious, walked people through buying and storing it on numerous calls, and am always willing to educate anyone who has an actual curiosity, question, or desire to learn more. I think you'll find the same from 99% of the people in the space. Many of the very public btc educators and content creators respond to emails and DMs on Twitter asking the most basic of questions. It is not something that is easy to understand. I suspect that this thread will have plenty of traffic in 2021 and that you'll see more than a few articles as the general public wonders what the fuck is going on. Might be worth putting together a beginner's guide of content for the first post.
I'm still not sure what your "question" was but looking back it feels like you were telling us to stay humble and stack sats? In the spirit of this thread are we sure Lyrtch isn't Matt Odell?
As a mostly impartial bystander with literally hundreds of dollars at stake, I enjoy reading the back and forth of this thread. Nothing to add, just saying keep up the spirited discussion.
Another public company taking out $100m in debt in Q1 2021 to buy btc in addition to investing its cash in btc. https://seekingalpha.com/news/36475...cketsplus-101-pm-announcement-of-bitcoin-fund Greenpro Capital (NASDAQ:GRNQ) intends to set up a Bitcoin Fund for investment. Company believes in the ongoing mass adoption of $BTC by banks, hedge funds, insurance companies and institutions and endorses its belief that bitcoin, as the world's most widely-adopted cryptocurrency, is a reliable future store of value. Company will use its subsidiary, CryptoSX to acquire its $BTC stake. Greenpro CEO CK Lee said, "We fully believe in $BTC as a store of value. I've instructed our investment bankers to raise debt in Q1, 2021 of up to US$100M to invest in $BTC. The Company will also invest its own cash into $BTC."
"Counter misconceptions" Please direct me to the part of this thread where you do that, lol. Also, any comment on Factom? Is it a digital store of value?
Good to know I'm more aligned with Russ than double play and jacks teller. And please, god, no, no lyrtch with his never ending stream on nonsense in the BTC thread.
Wouldn't believe a word that guy says. https://www.nytimes.com/2000/12/15/business/microstrategy-chairman-accused-of-fraud-by-sec.html
For the record, I can see that “ignored member” made the most recent post in here, so if Huskguy is still posting conspiracy theories or directing comments at me, I ignore him. He’s a broken record making nonsensical arguments about better tech!, tether, Ponzi schemes, and Ray Dalio. Every argument he’s ever made was made years ago and addressed by people far smarter than him (and me for that matter). I’ve addressed his points multiple times and have no desire to do so again. The market is the ultimate scoreboard.
Yeah that's one 10,000 word essay you won't find from a shill selling crypto loans or other crypto services.
Founder of the company who set up the Okung thing on TV. He made the Forbes 30 under 30 list this year.