Quit shitting up the thread by following me around with your projections about me. I’m never going to tell you how much I own or the amount of money I’m up or down, which seems to really bug you for some unknown reason. It’s irrelevant. I’ll engage people with legitimate questions about the space who are open to learning. You are neither.
I couldn't care less about how much you own. It's funny you keep going to that. I only chime in to laugh at you when you get overly bullish and talk down to anyone that has the slightest doubt that Bitcoin (or whatever coin your schilling at the time) won't take over the entire world's economy. It genuinely makes you mad and I find it funny. I can see you pounding your keyboard that someone just can't see Bitcoin going to $100,000,000,000,000 market cap. "WE'LL LET ME SHOW YOU WHY IT WILL!!!" I find it funny.
Shits probably not going to change the world. Or be worth 100k. Or replace any form of currency. But the market WILL continue to be volatile until it dies. So for now, buy low and sell high. Fuck a hodl.
It will be volatile all the way up until it’s comparable to the much larger asset classes. It’s been up and to the right more than any asset out there for the last decade. That won’t be changing. The halfining is in 6 months. Buckle up.
I haven’t made a single price projection but cool if you think I have. I’ve attempted to refute stupid talking points about dark web money, or too much electricity, or whatever other surface level nonsense gets posted in here. What is overly bullish? And why do you happen to think you are remotely qualified to say what that means? Especially given the history of it as an asset, currency, or whatever else someone wants to call it. You don’t know dick about it. Meanwhile all its ever done is grow from nothing to a $150B market cap in 10 years that’s attracted money from institutional investors, been set up on the CME and with bakkt. It’s silly to ignore, yet here you are. If you ever got concise enough to state your doubts or problems with it, I’d love to hear them. Serious doubts that’ll ever happen.
You've never made a projection but you'll damn sure post laughable ones like this. Who said ignore it? Certainly not me. I've said multiple times I can see it replacing gold at some point. I find it funny that if someone voices even the slightest concern you come in with 4292 words on they are wrong. You can't just accept "Yea, that's a valid concern." No no no. You have to write a novel on why they are wrong. Normal person - "lol at 100 trillion market" Insane person - "WRITE A NOVEL TO PROVE IT WON'T HAPPEN! THIS IS ALL SURFACE LEVEL BULLSHIT YOU FUCKING MORON!"
Dbl a quiz: T or F: society has trended towards the hardest form of currency over time. Be it gold or something else. T or F: bitcoin is (or will soon be) the hardest currency that has ever existed.
Yet you scoff at people that laugh at $100k projections. That's what you do. You just spout off that you know all and everyone that hasn't lost $100k of their family's money are the dolts.
Bottom line: if you think it replaces gold, you should invest in it now. And you should invest a lot of money in it. Check out the market cap of gold. and educate yourself as to gold as a currency. Also please explain why the math article is “laughable.”
Both of these can be true and it's still not going to take over and be the only currency in the world. Why can't you understand that?
I’ve never said it would. But we’re getting somewhere. and you think it’ll replace gold!!! Wow that’s kind of a big deal.
Who's to say I haven't invested in it? I just have realistic expectations. I don't think my $10k investment is going to make me Warren Buffet like you and so many others do.
I have no clue if it’ll hit $100k, but I think it’s certainly possible. The history of it alone should suggest the same as does the fact that the market cap won’t have to be that high for it to happen. Plenty of very intelligent people in finance and working for hedge funds and in VC think it goes much higher than that. Not like it’s my looney idea.
The buffet thing should stop man. It’s not relevant to the conversation. No one is even claiming that.
I’m saying good for you. If you think it replaces gold, that is a huge deal. Seriously. Not sarcastic this time. It would be a monumental global event.
Gold cap is like 2.5 trillion. It's a huge number. That's why 100 trillion cap for Bitcoin is so fucking laughable. Bitcoin isn't going to be 50x gold. It's just not. I don't need to write a thesis on it to say that's fucking absurd.
It is though. When people laugh at people suggesting $1m Bitcoin you come in throwing a fit. Sometimes you just have to be able to say "Yea, that's fucking crackhead shit. That's not realistic." You can't do that though. You always have to go to the mat on why it COULD happen. I could win the next Powerballs too but I'm not writing a novel to explain why it's going to happen.
idk if it'll even happen in our lifetimes. I think it'll be a slow growth towards that. It has a LONG way to go to get in that ballpark.
Right. I don't think we are getting anywhere near that anytime remotely soon. And there's so many obstacles in its way that it's not even a certainty that happens. Can it happen long long long term? Yes. I think it can. I also think it can be worthless in 10 years.
If anyone says “replaces gold” one more time I may just start longcatting this thread. replace: verb 1. take the place of something 2. put (something) back in a previous place or position. Gold is valuable for more than just its scarcity. It’s useful, especially in electronics. Why would bitcoin take the place of gold? Bitcoin having value doesn’t diminish the value of gold but replacing definitely sounds like that’s what you mean. Maybe it will be a similar investing tool to gold. Stop saying “replace gold”
I haven’t argued about $1m once and you know it. I argue over dumb talking points. Just be honest with yourself. I don’t predict prices. my opinion is that before it ever got near that high there would be global upheaval in financial systems and no one knows what would happen. I argue against what are pretty ignorant talking points about why people think it is a bad idea, like electricity, dark web, etc.
Lost in all of this is that the price is secondary. I believe in the tech and idea as a currency and store of value. I prefer not to have money that leroi seems to think should move towards $0 over time.
But what you can't grasp is those "ignorant talking points" ARE important. Those are reasons that people won't adopt it. What seems to be practical and easy to you and makes all the sense in the world won't make any sense at all to some people. That matters. Instead of understanding that and understanding that crypto faces a lot of challenges you instead scoff at them and look down at the person for being "ignorant." They aren't ignorant. They just aren't as bullish as you on the market.
I disagree. But if you want to humor me and supply a list of important talking points, I will provide you with a legitimate response.
And that's fine. It just as easy could be Google's coin or Facebook's coin or some other coin that becomes the one everyone uses. That's always been my biggest issue. Yes, I think crypto as a whole will eventually take over some/most of gold's market but I'm just not sold that it'll absolutely be Bitcoin. That makes investing in Bitcoin extremely risky. If I could invest in a fund that covered all crypto I'd push all my chips in . That's not how it works though. You have to pick one and I just don't know which one will be the winner. As I've said before, it's like the tech market in the 90's. There will be a lot of pet.com and a few apple/google/amazon.
There's really no need. You'll just dismiss the concern and call the person a fucking idiot for not being comfortable storing their own keys and I'll just shake my head and nothing will get accomplished.
I fundamentally disagree with the idea that it could be fb or google or something else because that defeats the whole purpose of a finite decentralized currency. Google being in charge or currency is no different than a central bank that can issue money when it wants. It would also not be able to create the same proof of work network effects of btc. I’ll try to get more resources on that specific point over the weekend. I’m out drinking now.
Well you’re wrong. I will entertain actual back and forth with someone who is open to at least reading and learning. I’ll reiterate that you should buy and read the book I’ve posted multiple times. It addresses every talking point you and others have raised on the last few pages.
Right, but it being decentralized matters to YOU. It doesn't matter to everyone. You simply can't grasp that everyone doesn't view things the same as you. A lot of people don't give a shit about it being decentralized. I don't need a book on why they should care. Just accept they don't.
I really doubt that all the million/billionaires controlling the bitcoin market are gonna be cool with adopting a coin controlled by a corporation. In fact, thinking a Facebook coin or google coin will be a store of value like bitcoin is beyond naive.
That's just it, I don't need you to tell me why I'm wrong. My concerns are my concerns. I don't have to think like you on every issue. And I'm not ignorant for it.
Not really. They are willing to invest money tied to those companies. And I'm really not trying to argue that specific piece. It may be neither of those. I just don't think it has be decentralized. I don't think that's as important as some think.
Investing in a company and letting them control currency policy are absolutely not the same 2 things. Hopefully we can agree on that.
I'm allowed to read up on it and still have an opinion that differs from you. You don't get to make up a list of what's legitimate and what's not legitimate. That's been my entire beef with you the entire time. You're right and everyone else is a god damn ignorant mf'er. That's your view on all of this and it's laughable.
So many moving moving targets I’m not even sure what thread we are in. Archery? Maybe arch coin, the coin for archers.