Current Events > Cryptocurrency is over.

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#52
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Medussa
03/24/21 7:37:11 PM
#53:


guess how much the people who actually want it are willing to pay for it.

i'm guessing you're not super into buying baht, either. doesn't mean that they don't have value to other people.

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BakonBitz
03/24/21 7:37:50 PM
#54:


LivingLegend posted...
Guess how much Im willing to pay for it
Which goes back to "I wish I invested in it earlier."

I ain't buying bitcoin at the price that it's at right now. I'd be a fool to. But if I invested when it was brand new...I'd be fucking rich.

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#55
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ROOTFayth
03/24/21 7:41:23 PM
#56:


MarthGoomba posted...
lol bitcoin

The real money is in bandwagoning shit coins right as they launch and dumping when they multiply in value
not if you see it from an EV standpoint
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ROOTFayth
03/24/21 7:43:20 PM
#57:


livinglegend would you consider yourself richer than someone who has 20 bitcoins and 0 dollar
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#58
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ROOTFayth
03/24/21 7:47:17 PM
#59:


LivingLegend posted...
Yes.
what if they sold their 20 bitcoins tonight?
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#60
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ROOTFayth
03/24/21 7:49:28 PM
#61:


LivingLegend posted...
They would be an extremely intelligent individual.

But they were stupid for buying it in the first place.
why?
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#62
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Solid Snake07
03/24/21 8:17:27 PM
#63:


I don't have a dog in the fight, but I'm pretty tired of every joe blow with a few thousand dollars worth of bitcoin or ethereum acting like they're some kind of financial expert.

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Orlando_Jordan
03/24/21 9:24:34 PM
#64:


LivingLegend posted...
They would be an extremely intelligent individual.

But they were stupid for buying it in the first place.
You shouldnt be throwing stones from a glass house. They would be a millionaire and you wouldnt.

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PoundGarden
03/24/21 9:25:42 PM
#65:


Duncanwii posted...
It never started.

Well there you have it folks, the 30 yr old who still lives at home has spoken, nothing more to be said really

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ROOTFayth
03/24/21 9:34:06 PM
#67:


Solid Snake07 posted...
I don't have a dog in the fight, but I'm pretty tired of every joe blow with a few thousand dollars worth of bitcoin or ethereum acting like they're some kind of financial expert.
imagine how much more annoying it is when someone who has never invested a dime in anything in his life and has never read anything about crypto says that bitcoin is worthless because... well just because!
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#68
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Medussa
03/24/21 9:38:29 PM
#69:


https://www.youtube.com/watch?v=BvK6KsLkPUs

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ROOTFayth
03/24/21 9:39:14 PM
#70:


LivingLegend posted...
LOL I have over $20,000 invested in stocks..

I will never invest one dollar in cryptocurrency
but what can you buy with stocks??????
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#71
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#72
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ROOTFayth
03/24/21 9:40:34 PM
#73:


LivingLegend posted...
You dont buy things with stocks.

You also dont buy things with bitcoin
both worthless then?
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#74
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ROOTFayth
03/24/21 9:42:00 PM
#75:


LivingLegend posted...
Depends on which stock you buy.

Bitcoin is completely useless however
stocks are also useless
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Solid Snake07
03/24/21 9:42:38 PM
#76:


ROOTFayth posted...
imagine how much more annoying it is when someone who has never invested a dime in anything in his life and has never read anything about crypto says that bitcoin is worthless because... well just because!


That person has a fundamental misunderstanding of what it means for something to have worth so who really cares what they think?

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#77
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ROOTFayth
03/24/21 9:43:18 PM
#78:


LivingLegend posted...
No, they are not.

When you own a stock you are literally an owner of a productive asset.
you own shares of it, they are useless, what can you use them for?
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#79
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Medussa
03/24/21 9:46:29 PM
#80:


so, just like every other fiat currency?

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#81
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TheBlueMonk_
03/24/21 9:48:52 PM
#82:


Why

What happened. It's still 52k a coin. What's the problem

It was like 5k a year ago

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ROOTFayth
03/24/21 9:49:16 PM
#83:


LivingLegend posted...
No, bitcoin is even more worthless than Fiat currency because you cant spend it on anything
why does Tesla accept it as payment then?
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Medussa
03/24/21 9:52:53 PM
#84:


you can't spend it on everything, but that's not the same thing.

i can take a silver eagle to the grocery store and buy something for a dollar. that doesn't mean silver is worth a dollar an ounce. if i'm lucky, i can find someone there to give me a fair amount of groceries for the coin, and i could do the same thing with bitcoin.

and that's completely ignoring all the places that do let you pay directly with bitcoin, defeating your argument before you ever made it.

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HODL_Austin_Era
03/24/21 9:54:17 PM
#85:


Bitcoin goes up in value and you can exchange it for fiat if you want gains.

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Lord_Shadow_19
03/24/21 9:59:56 PM
#86:


s0nicfan posted...
Didn't Elon announce today that you'd be able to buy a Tesla with bitcoin? I would have expected to see a price spike not a dip.

It did, Elon's venture into Bitcoin caused it to jump from around 40k to over 60k


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#87
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ROOTFayth
03/24/21 11:58:07 PM
#88:


https://www.cnet.com/pictures/things-you-didnt-know-you-could-buy-with-bitcoins/5/

there you go, even though its pointless and you can technically sell bitcoin and then buy whatever the hell you want with it but youd rather keep it given the EV of holding bitcoins at the moment is higher EV than any other asset
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lilORANG
03/25/21 12:29:55 AM
#89:


Dark_SilverX posted...
Doge never dies
it dropped a whole cent today

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#90
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#91
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Lord_Shadow_19
03/25/21 11:42:49 AM
#92:


Well yeah, It would be monumentally stupid to use bitcoin to buy anything, especially since the value of BTC is just going to keep going up and up long term. Not only that, but BTC can be worth 60k one day, and then the next day it's only worth 40k

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ROOTFayth
03/25/21 11:47:45 AM
#93:


its eventually going to stabilize with mass adoption but yeah currently holding to it assuming youre not swing trading is the best option
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#94
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Lord_Shadow_19
03/25/21 4:55:22 PM
#95:


ROOTFayth posted...
its eventually going to stabilize with mass adoption but yeah currently holding to it assuming youre not swing trading is the best option

Nah, it's not feasible as fiat currency compared to other currency, even if its value became as stable as the dollar.

I think if anything, Etherium or something based on Etherium is more likely to become more viable as currency.

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ROOTFayth
03/25/21 9:32:04 PM
#96:


Lord_Shadow_19 posted...
Nah, it's not feasible as fiat currency compared to other currency, even if its value became as stable as the dollar.

I think if anything, Etherium or something based on Etherium is more likely to become more viable as currency.
I mean yeah probably we'll have some other coin to make transaction with, very hard to pinpoint which one will survive among all the shitcoins, I think bitcoin will stay as a store of value at the very least making it probably the less volatile of all crypto to put money in
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2Pacavelli
03/26/21 10:05:55 AM
#97:


Even if Bitcoin may or may not be the future, Cryptocurrency will definitely have a strong future. Coins like XRP, Theta, Filecoin etc. Are great innovations that will greatly improve society. Even Bitcoin you have to give a lot of credit to for being the grandfather of them all

Cryptocurrency helped me clear all of my debt so I'm happy about that too
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BignutzisBack
03/26/21 10:07:13 AM
#98:


Can anyone explain to me why the hell DBC coin is soaring for a week straight?

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Lord_Shadow_19
03/26/21 10:38:48 AM
#99:


BignutzisBack posted...
Can anyone explain to me why the hell DBC coin is soaring for a week straight?

Looks like it still has some more soaring to do too.

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Trumpo
03/26/21 10:39:52 AM
#100:


Have op tagged as fud spreader
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Rob Cesternino
03/28/21 2:49:26 AM
#101:


Tag because I know this topic will not age well

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joe40001
03/28/21 3:27:01 AM
#102:


I'm still pissed at the guy here who said "it's going to top at 40k, so that's when I'm bailing" and I listened to him.

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