Topic List |
Page List:
1 |
---|---|
Orlando_Jordan 03/12/21 6:21:09 PM #1: |
Your savings account, at best, is giving you 0.40% APY. Probably less. Inflation is 1.7% per year. Youre losing purchasing power by storing it in your savings.
Bitcoins value is greatly outpacing inflation, and because there can only ever be 21 million, its value will keep increasing over the years. Debate me. --- "GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site."-CJayC ... Copied to Clipboard!
|
#2 | Post #2 was unavailable or deleted. |
nothanks1 03/12/21 6:23:00 PM #3: |
I put my life savings into my wife's boyfriend's company
... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 6:23:09 PM #4: |
metallica846 posted...
Solar flares. Would affect banks as well, as the USD is backed by FIAT. ... Copied to Clipboard!
|
Chicken 03/12/21 6:23:53 PM #5: |
... Copied to Clipboard!
|
Orlando_Jordan 03/12/21 6:24:58 PM #6: |
nothanks1 posted...
I put my life savings into my wife's boyfriend's companyGood idea. --- "GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site."-CJayC ... Copied to Clipboard!
|
JuanCarlos1 03/12/21 6:25:12 PM #7: |
Anything seems to be better than a savings account. Bank is making so much money off of you and giving literal crumbs. Blue chip stocks (not you GE) should be a relatively safer and much higher yielding investment. Bitcoin could be brought down by regulations...maybe?
--- Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer... ... Copied to Clipboard!
|
#8 | Post #8 was unavailable or deleted. |
#9 | Post #9 was unavailable or deleted. |
Orlando_Jordan 03/12/21 6:30:03 PM #10: |
JACKBUTTMOMMY posted...
How can a fraction of a coin be valued that much?!Its the anti-penny. --- "GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site."-CJayC ... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 6:34:40 PM #11: |
metallica846 posted...
The insurance means nothing if it can't be backed by anything ... Copied to Clipboard!
|
What_ 03/12/21 6:52:11 PM #12: |
My savings gives me more than that
Just pulling random numbers out your ass ... Copied to Clipboard!
|
Damn_Underscore 03/12/21 6:55:29 PM #13: |
Explain this
The technology bitcoin uses is amazing and is probably how currency should work. However, there is nothing special about bitcoin. In fact it's not even a good currency because of how volatile and expensive it is. There are many other digital currencies out there like bitcoin but actually useful as currency --- I try to laugh about it, hiding the tears in my eyes. ... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 7:03:06 PM #14: |
It's only expensive if you buy a whole bitcoin.
This is why satoshis exist. And it's volatile because it hasn't stabilized yet. ... Copied to Clipboard!
|
Damn_Underscore 03/12/21 7:04:28 PM #15: |
You're saying that one day bitcoin will be like what gold was in the US in the 1900s?
--- I try to laugh about it, hiding the tears in my eyes. ... Copied to Clipboard!
|
Squall28 03/12/21 7:05:59 PM #16: |
Orlando_Jordan posted...
Bitcoins value is greatly outpacing inflation, and because there can only ever be 21 million, its value will keep increasing over the years. Being limited doesn't gurantee value. There is a limited supply of pet rocks, but doesn't mean their value will keep going up. Crypto advocates like to use their gains as proof, but it's not. You can make gains off the lottery. You can make gains on the dotcom bubble (before it popped ofc.) You don't really know crypto has made it until you see it as a widespread currency. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis ... Copied to Clipboard!
|
Duncanwii 03/12/21 7:10:31 PM #17: |
Bitcoin isnt a Unites States recognized currency. Youd be just as good converting all of your money into those tickets you get at arcades.
--- Hello I'm Duncan, I like Video Games and comedies let's be friends Everything I say about myself is true. I never lie. ... Copied to Clipboard!
|
CookieMarvin 03/12/21 7:13:22 PM #18: |
... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 7:19:12 PM #19: |
Damn_Underscore posted...
You're saying that one day bitcoin will be like what gold was in the US in the 1900s? It already is Duncanwii posted... Bitcoin isnt a Unites States recognized currency. Youd be just as good converting all of your money into those tickets you get at arcades. duncan pls ... Copied to Clipboard!
|
project_night 03/12/21 7:21:17 PM #20: |
Real inflation is probably higher than 1.7% and will be noticeably higher in the next few years after all the new money the government threw into the economy. It is one of the big reasons why bitcoin went up so much the last year.
My problem with btc is miners are buying lots of GPUs and using a ton of electricity to create bitcoins. It is an extremely wasteful and inefficient way of turning electricity into money. Other cryptocurrencies that don't use mining or planning to move away from it like eth would be much better. Some possible headwinds is if the US, Europe, China, ect start to seriously regulate crypto especially if they view it as a threat to surpass their currencies. I think Janet Yellen already made it clear she is not a fan of it. That being said, I think btc continues to go up this year though and do own a small amount that I have had for a while. ... Copied to Clipboard!
|
Njolk 03/12/21 7:27:12 PM #21: |
The lady at the bank was mad I closed my savings account to invest it all
Like why do you even care, random low level worker?? ... Copied to Clipboard!
|
Zeldasmainman 03/12/21 7:38:56 PM #22: |
I'd debate you, TC, but there isn't really a debate to be had. Bitcoin wins
--- We don't rent pigs. ... Copied to Clipboard!
|
pure_temper 03/12/21 7:40:34 PM #23: |
what would happen to the cost of goods and services in 25 years? if the economy was entirely BTC or crypto
how would the price of things be maintained in a stable index? --- proudclad LAYIN DOWN THE SMACK - Error1355 Christian Marxism actually makes sense. (Islamic, Buddhist, Hindu, etc too!) ... Copied to Clipboard!
|
Damn_Underscore 03/12/21 7:44:51 PM #24: |
34_ShaqRule_34 posted...
It already is No one uses bitcoin as currency. In the 1910s you could trade in your dollars for gold. --- I try to laugh about it, hiding the tears in my eyes. ... Copied to Clipboard!
|
project_night 03/12/21 7:47:38 PM #25: |
Damn_Underscore posted...
No one uses bitcoin as currency. In the 1910s you could trade in your dollars for gold. Remember those people who bought stuff like pizza with bitcoin years ago? That is one expansive ass pizza in today's prices. ... Copied to Clipboard!
|
Squall28 03/12/21 7:47:58 PM #26: |
pure_temper posted...
what would happen to the cost of goods and services in 25 years? if the economy was entirely BTC or crypto Honestly, if crypto succeeds, it means the dollar failed, and Americans are probably fucked --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis ... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 8:05:20 PM #27: |
Damn_Underscore posted...
You probably should stop talking about things you don't know anything about. ... Copied to Clipboard!
|
pure_temper 03/12/21 8:19:37 PM #28: |
Squall28 posted...
Honestly, if crypto succeeds, it means the dollar failed, and Americans are probably fucked by the time any cryptocurrency could displace any fiat currency including the dollar, we'll have gotten to post-scarcity and thus no longer need any currency at all the American dollar is already the best of all words when it comes to the tech behind the payment processing (it's dinosaur tech comparatively but absolutely bulletproof at scale almost all the time) and to adoption for day to day transactions. no one will care about crypto except as a speculation to make more fiat. by the time blockchain tech is valuable to anyone, it'll be as a decentralized computing or data-storage layer, not as something that is about trading currency anymore. at our present rate, assuming we don't nuke ourselves and Yellowstone doesn't erupt, we'll most likely be at post-scarcity in under 50 years with the tech I see coming out soon --- proudclad LAYIN DOWN THE SMACK - Error1355 Christian Marxism actually makes sense. (Islamic, Buddhist, Hindu, etc too!) ... Copied to Clipboard!
|
Njolk 03/12/21 8:22:57 PM #29: |
pure_temper posted...
by the time any cryptocurrency could displace any fiat currency including the dollar, we'll have gotten to post-scarcity and thus no longer need any currency at all Random man on internet is confident world will be a utopia in 50 years More news at 10 ... Copied to Clipboard!
|
Damn_Underscore 03/12/21 8:23:59 PM #30: |
Correction: No one smart uses bitcoin as currency.
Whatever you're buying isn't worth it. --- I try to laugh about it, hiding the tears in my eyes. ... Copied to Clipboard!
|
Orlando_Jordan 03/12/21 8:37:07 PM #31: |
Damn_Underscore posted...
Correction: No one smart uses bitcoin as currency.Whats your net worth? Probably lower than anyone in the crypto game. --- "GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site."-CJayC ... Copied to Clipboard!
|
pure_temper 03/12/21 8:42:50 PM #32: |
Njolk posted...
Random man on internet is confident world will be a utopia in 50 years well it's more like we don't have much choice. it's either that, or corpo-fascism that eventually plunges the world into climate chaos and probably even global war again --- proudclad LAYIN DOWN THE SMACK - Error1355 Christian Marxism actually makes sense. (Islamic, Buddhist, Hindu, etc too!) ... Copied to Clipboard!
|
pure_temper 03/12/21 8:44:08 PM #33: |
Orlando_Jordan posted...
Whats your net worth? Probably lower than anyone in the crypto game. What's yours? I've made a decent chunk of change from crypto before. He's right - smart people aren't using it as a currency, but as a speculation or store of value. You may have a handful of people using them to buy novelty items online but the idea that BTC would be widely accepted everywhere is just nonsense. --- proudclad LAYIN DOWN THE SMACK - Error1355 Christian Marxism actually makes sense. (Islamic, Buddhist, Hindu, etc too!) ... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 9:04:03 PM #34: |
Damn_Underscore posted...
Correction: No one smart uses bitcoin as currency. Lmfao There was a reason I had you tagged as Biden's Boot ... Copied to Clipboard!
|
Squall28 03/12/21 9:06:40 PM #35: |
34_ShaqRule_34 posted...
Lmfao Is he wrong? If you buy into crypto, you're probably expecting it to go up in value. Why would you go spend it if you expect it to be worth more later? --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis ... Copied to Clipboard!
|
1337toothbrush 03/12/21 9:07:00 PM #36: |
Crypto is always the wave of the future when it's in the pump phase, then the crypturds go crawling back into their holes during the dump phase.
--- ... Copied to Clipboard!
|
Damn_Underscore 03/12/21 9:07:30 PM #37: |
34_ShaqRule_34 posted...
There was a reason I had you tagged as Biden's Boot lolwut --- I try to laugh about it, hiding the tears in my eyes. ... Copied to Clipboard!
|
34_ShaqRule_34 03/12/21 9:17:07 PM #38: |
CE is ngmi
... Copied to Clipboard!
|
ROOTFayth 03/13/21 8:42:13 AM #39: |
pure_temper posted...
What's yours? I've made a decent chunk of change from crypto before. He's right - smart people aren't using it as a currency, but as a speculation or store of value. You may have a handful of people using them to buy novelty items online but the idea that BTC would be widely accepted everywhere is just nonsense.I personally use it sometimes to deposit on poker sites and cash out, most efficient method since I started playing in 2006, used a bunch of different payment processors and bitcoin is really better for that ... Copied to Clipboard!
|
ROOTFayth 03/13/21 8:43:15 AM #40: |
1337toothbrush posted...
Crypto is always the wave of the future when it's in the pump phase, then the crypturds go crawling back into their holes during the dump phase.its the accumulating phase, thats when you buy more ... Copied to Clipboard!
|
Rob Cesternino 03/13/21 1:38:03 PM #41: |
We're gonna be rich
Imagine not owning any Bitcoin LMAO --- Stop asking me if I'm Jessica Simpson. Jewish girls Survivor is the greatest show EVER. are hawt ... Copied to Clipboard!
|
Topic List |
Page List:
1 |