BTC has crashed so many times I've lost count, but it just won't go away. The anger from the 'dollar is king' crowd always returns en masse during the next bull market. I am continually entertained by the naysayers.
The funny money crowd never stops trying to convince us what good investments crypto is. When's the last time anybody tried to talk you into buying Apple or Berkshire Hathaway?BTC has crashed so many times I've lost count, but it just won't go away. The anger from the 'dollar is king' crowd always returns en masse during the next bull market. I am continually entertained by the naysayers.
Did I say it was a good investment somewhere? My mind must be slipping.The funny money crowd never stops trying to convince us what good investments crypto is. When's the last time anybody tried to talk you into buying Apple or Berkshire Hathaway?
"I am continually entertained by the naysayers." sounds like praise for funny money, if not then I stand corrected.Did I say it was a good investment somewhere? My mind must be slipping.
"I am continually entertained by the naysayers." sounds like praise for funny money, if not then I stand corrected.
LOLIt's no less 'funny money' than your average fiat currency.
I’d be willing to wager 90% of people that invest in crypto already own Apple and/or Berkshire Hathaway.The funny money crowd never stops trying to convince us what good investments crypto is. When's the last time anybody tried to talk you into buying Apple or Berkshire Hathaway?
I'm pretty sure there's an entire industry trying to convince people to buy stocks, bonds, real estate, gold, etc.When's the last time anybody tried to talk you into buying Apple or Berkshire Hathaway?
You didnt say this specifically, but your prior post can absolutely be interpreted how dorn interpreted it.Did I say it was a good investment somewhere? My mind must be slipping.
I used to be a naysayer but the BTC just won't be defeated. And after a number of attempts to compare the intrinsic value of the dollar to that of BTC it's apparent that philosophical positions determine what holds value for the individual. If two people decide to trade BTC for dollars, pesos or Euros, or vice versa, so what? If the BTC holder comes out on top more power to him or her. It's their capital and their risk.. good for them.You didnt say this specifically, but your prior post can absolutely be interpreted how dorn interpreted it.
Saying you are constantly entertained by the naysayers puts you in a position that does not align with the naysayers. Its reasonable to then thing your position therefore aligns with the supporters.
Apparently you are instead just sitting back and eating popcorn while not holding an opinion. Thats rare, but OK.
They try to convince people to buy bitcoin too. Those guys generally get paid the same regardless of what you buy, as long as a you buy something. The point he was trying to make is that companies like Apple and Berkshire don't have cheerleaders generating "FOMO". Those companies have a book value based on the underlying assets and an expectation of what earnings those assets are going to generate in the future. None of that exist with a crypto asset - the only expectation you have is what you hope someone will pay for it in the future, and it does not generate any kind of income - no dividends, no additional crypto.I'm pretty sure there's an entire industry trying to convince people to buy stocks, bonds, real estate, gold, etc.
Haha that’s completely not true. Ethereum (at the moment 3%), Solana (at the moment 5.7%) and cosmos (10.45%) all are paid like a dividend…but it’s usually paid weekly.They try to convince people to buy bitcoin too. Those guys generally get paid the same regardless of what you buy, as long as a you buy something. The point he was trying to make is that companies like Apple and Berkshire don't have cheerleaders generating "FOMO". Those companies have a book value based on the underlying assets and an expectation of what earnings those assets are going to generate in the future. None of that exist with a crypto asset - the only expectation you have is what you hope someone will pay for it in the future, and it does not generate any kind of income - no dividends, no additional crypto.
Sounds like Digital Bull Shat here.Haha that’s completely not true. Ethereum (at the moment 3%), Solana (at the moment 5.7%) and cosmos (10.45%) all are paid like a dividend…but it’s usually paid weekly.
Bitcoin is simply digital gold, it works just like gold which has VERY little intrinsic value. If investing in gold is a pyramid scheme, then so is bitcoin.
The altcoins actually serve a function.
You can put your head in the sand all you want. By your logic, the value of a stock also depends only on what someone hopes someone else will pay for it in the future. All those projections/expectations that you think is gospel is…a guess. AND, manipulated to get people to purchase them.
Sounds like Mississippi dumbass here.Sounds like Digital Bull Shat here.
That sounds personal, so 17 your dumb arce.Sounds like Mississippi dumbass here.
What funds the dividends? If we are going to use that term.Haha that’s completely not true. Ethereum (at the moment 3%), Solana (at the moment 5.7%) and cosmos (10.45%) all are paid like a dividend…but it’s usually paid weekly.
I’m with you. I’ve got crypto staked earning just under 10% and it’s amazing how “established” financial institutions are chomping at the bit for these ETFs. I’ve got debit cards I use that I can designate which crypto to debit from…..that’s pretty real world use I’d say. DYOR and you’ll be okHaha that’s completely not true. Ethereum (at the moment 3%), Solana (at the moment 5.7%) and cosmos (10.45%) all are paid like a dividend…but it’s usually paid weekly.
Bitcoin is simply digital gold, it works just like gold which has VERY little intrinsic value. If investing in gold is a pyramid scheme, then so is bitcoin.
The altcoins actually serve a function.
You can put your head in the sand all you want. By your logic, the value of a stock also depends only on what someone hopes someone else will pay for it in the future. All those projections/expectations that you think is gospel is…a guess. AND, manipulated to get people to purchase them.
Are you serious? Do you even know what a stock is? It’s a literal stake in the business.You can put your head in the sand all you want. By your logic, the value of a stock also depends only on what someone hopes someone else will pay for it in the future. All those projections/expectations that you think is gospel is…a guess. AND, manipulated to get people to purchase them.
I own whatever assets I purchaseAre you serious? Do you even know what a stock is? It’s a literal stake in the business.
You own apple stock, you own a piece of everything. That includes all their assets….like buildings / equipment, their finished goods that are unsold to the market, their raw materials, their money in the bank, their incoming profits on goods sold, as well as other assets like their intellectual property and copyrights. Everything. Those are all very tangible things that have real value. If what you pay for that piece of the business is less than the real book value of those things, then you have made a wise investment.
It’s the complete opposite of crypto, an asset that cannot be accurately appraised at any point in time.
I beg to differ…how do you own your Apple stock….is it in your sock drawerAre you serious? Do you even know what a stock is? It’s a literal stake in the business.
You own apple stock, you own a piece of everything. That includes all their assets….like buildings / equipment, their finished goods that are unsold to the market, their raw materials, their money in the bank, their incoming profits on goods sold, as well as other assets like their intellectual property and copyrights. Everything. Those are all very tangible things that have real value. If what you pay for that piece of the business is less than the real book value of those things, then you have made a wise investment.
It’s the complete opposite of crypto, an asset that cannot be accurately appraised at any point in time.
you bought bitcoin then?Hasn’t we decided crypto is more or less mirroring the greater equities markets now? I see Bitcoin up 11% in November. That’s in the ballpark with the Dow, Nasdaq and S&P.
As far as today’s movement - who knows.
To each his own. Never been one to saving money, then dabbled on Robinhood…..didn’t really know crypto but we’ll get back to that later….you know buy stocks sit and wait and let’s make a few bucks at the end of the year….then crypto, buy on Robinhood it’s free, not really….the spread kills daily trading….then you drift off to the cold walletDefinitely not
What does it matter how anyone owns it? Is all the money from your most recent paycheck in your sock drawer? I have no idea what you’re getting at here.I beg to differ…how do you own your Apple stock….is it in your sock drawer
Everything gets cheaper priced in bitcoin.
What does it matter how anyone owns it? Is all the money from your most recent paycheck in your sock drawer? I have no idea what you’re getting at here.
I actually have my crypto in my sock drawerWhat does it matter how anyone owns it? Is all the money from your most recent paycheck in your sock drawer? I have no idea what you’re getting at here.
PawWhat if I said buy this crypto……..with 7 zeros after the decimal? The next SHIB? Would you?
Sorry, don't do crypto. I pretty much lump it into the same category as pixie dust or voodoo magic.