Economy Bitcoin heading into the stratosphere again soon to hit 30,000 each

[brackis1]

Tell me why I shouldn’t buy any when the price drops.

Not being an ass I mean it. I want to buy eventually but I want to know the ugly downsides.

Be kind but informative, my angus is peppered.

I mean if you want to diversify your assets on that spec, by all means buy the ticket and take the ride.
There are thousands of ways to allocate capital and the world is a dynamic place where directional value can always change up or down.
"information" vs. fact vs. opinion is easily clouded and I personally can say my life feels pretty damn fine without any bitcoin holdings. I've bought and flipped some BTC proxy stocks on traditional stock exhcanges for very short term things, but I sit around being an arbitrage goon 50 hrs a week and that's a whole different bag of worms.

 

[m25105]

Microindustry is a niche cloud software company with a bitcoin evangelist CEO and controlling leadership using bitcoin as a way to promote their company and take out leverage on the bet that they can raise the value of their balance sheet rather than tanking it. Bitcoin has absolutely zero to do with the business conducted by Microstrategy for its customers and it's laughable to watch people act like bitcoin has provided any broad use in commerce that couldn't be done in stable assets.

You bringing MSTR up just means you're a bitcoin fan who knows the soundboard of promotional taglines.

Keep missing out if that's your attitude.

 

[m25105]

To anyone reading this thread that is actually interested in how blockchain will change the space, the key word here is 'Smart Contracts'.

Imagine contracts being based on proof of math, rather than proof of brand. No large entities having power over the smaller participant in the contract. We're entering a society, where trust won't be a factor anymore. This is where the real money lies in.

 

[m25105]

buy ETH.

This.

 

[brackis1]

Keep missing out if that's your attitude.

So completely ignore my point and go "wah u sound jealous"
Thanks for proving my point that people doing this shit are cultist idiots who don't know how to deviate from the script.
But yeah bro I don't know about Microstrategy and bartcoin -_-

 

[HOLA]

Like I said in another post, I'm putting 5% in crypto since I think it worth the risk. I was too young or burdened with debt to get in the huge bull runs of the past: Apple, Amazon, etc. I see this as something that might really take off.

But it already did take off. You're not exactly getting in at the ground floor here.

 

[brother mouzone]

But it already did take off. You're not exactly getting in at the ground floor here.

Considering how few people use it still, pretty easy to say anyone buying it now is still an early adopter. The average millennial doesn't know shit about bitcoin.

 

[m25105]

So completely ignore my point and go "wah u sound jealous"
Thanks for proving my point that people doing this shit are cultist idiots who don't know how to deviate from the script.
But yeah bro I don't know about Microstrategy and bartcoin -_-

Keep missing out. Post some more pictures too.

 

[m25105]

The most funny part of this, is that people on the right have seemingly been quicker to accept and adopt buying and holding various forms of blockchain projects, while most of the left think it's a scam. The great irony here is naturally that the developers that are the leading figures in these blockchain projects are generally people on the left.

Hilarious, isn't it?

 

[brother mouzone]

Keep missing out. Post some more pictures too.

 

[6 Foot Manlet]

I have dabbled in Bitcoin and other crypto currencies since 2016-2017. One thing that I am great at is selling/buying at the wrong time. Oh how I wish I could go back to 2016 when I first started and just held everything I had. Even back then the catch phrase was hodl. I would be worth about 500k at least in cryptos if I had listened. Emotion is a powerful thing though when it comes to investing in general.

 

[brackis1]

Keep missing out. Post some more pictures too.

So to recap:
I say that BTC evangelists are programmed and dishonest selling something to others.
You repeat a fraudulent story about a publicly traded company to misrepresent an asset you're pumping.
I call you out on it and ask how much BTC and/or MSTR you hold?
You accuse me of "missing out" x 2.
I post a screenshot of me successfully buying and shorting the exact stock you lied about.

 

[m25105]

I kind of like it bouncing back and forth between 26-29k.

It's going to be interesting when the correction will hit. But if bitcoin decides to move sideways, a lot of money will flow in to the alts.

 

[HOLA]

Considering how few people use it still, pretty easy to say anyone buying it now is still an early adopter. The average millennial doesn't know shit about bitcoin.

I think it's really fairly well known at this point. I've seen it all over reddit for years and r/bitcoin has 1.9 million members. Quite a few posts here on Sherdog too, especially back in 2017, the last time Bitcoin went parabolic and many went on to lose their shirts.

 

[brackis1]

The most funny part of this, is that people on the right have seemingly been quicker to accept and adopt buying and holding various forms of blockchain projects, while most of the left think it's a scam. The great irony here is naturally that the developers that are the leading figures in these blockchain projects are generally people on the left.

Hilarious, isn't it?

Yeah you're completely wrong lol
Bitcoin has always been a libertarian wet dream born out of right wing tech bros who like drugs and want to be able to pay for abortions but hide all their assets from taxation, laundering, or regulatory scrutiny.

 

[m25105]

I actually hold 0 bitcoin (slightly regret it, not going to lie, but it's all about the big picture). I'm all in another project. As I said though, I won't mention the name here. But thankfully I convinced my family, friends, and even some people here to buy it, after making a proper presentation of it of course.

 

[brother mouzone]

I have dabbled in Bitcoin and other crypto currencies since 2016-2017. One thing that I am great at is selling/buying at the wrong time. Oh how I wish I could go back to 2016 when I first started and just held everything I had. Even back then the catch phrase was hodl. I would be worth about 500k at least in cryptos if I had listened. Emotion is a powerful thing though when it comes to investing in general.

But that's the thing, the longer you're in the game the more resilient you become. I have been involved in bitcoin since like, 2012. I first heard of CPU mining in 2010 and didn't do shit. the first time I ever started mining I gave up on it because I was only making 7$ a week. Guess what? that was when you could GPU mine bitcoin still. I was making an entire bitcoin a week. Wasn't enough to convince me to keep that miner going.

I smoked hash that I bought with bitcoin. It was 5$ a gram. But it was 10 bitcoins or so back then when bitcoin was 12$. Yeah, I smoked a house in current present value. Never again. i'm hodl gang. Made a plan and I'm sticking to it. No one on the internet will shake my confidence lol

 

[brackis1]

Yeah you're completely wrong lol
Bitcoin has always been a libertarian wet dream born out of right wing tech bros who like drugs and want to be able to pay for abortions but hide all their assets from taxation, laundering, or regulatory scrutiny.

But that's the thing, the longer you're in the game the more resilient you become. I have been involved in bitcoin since like, 2012. I first heard of CPU mining in 2010 and didn't do shit. the first time I ever started mining I gave up on it because I was only making 7$ a week. Guess what? that was when you could GPU mine bitcoin still. I was making an entire bitcoin a week. Wasn't enough to convince me to keep that miner going.

I smoked hash that I bought with bitcoin. It was 5$ a gram. But it was 10 bitcoins or so back then when bitcoin was 12$. Yeah, I smoked a house in current present value. Never again. i'm hodl gang. Made a plan and I'm sticking to it. No one on the internet will shake my confidence lol

And there it is seconds later like clockwork lol

 

[m25105]

But that's the thing, the longer you're in the game the more resilient you become. I have been involved in bitcoin since like, 2012. I first heard of CPU mining in 2010 and didn't do shit. the first time I ever started mining I gave up on it because I was only making 7$ a week. Guess what? that was when you could GPU mine bitcoin still. I was making an entire bitcoin a week. Wasn't enough to convince me to keep that miner going.

I smoked hash that I bought with bitcoin. It was 5$ a gram. But it was 10 bitcoins or so back then when bitcoin was 12$. Yeah, I smoked a house in current present value. Never again. i'm hodl gang. Made a plan and I'm sticking to it. No one on the internet will shake my confidence lol

Stay strong then. Naysayers will always be around. But don't fall for the maximalist propaganda. There are very important projects being developed as we speak. Bitcoin may be abandoned eventually (or it may not), but to not recognise the projects that's being made is missing out on a lot of gains.

 

[brother mouzone]

And there it is seconds later like clockwork lol

Yeah what a shocker that someone who was 22 and in college would smoke weed lol what?

I think it's really fairly well known at this point. I've seen it all over reddit for years and r/bitcoin has 1.9 million members. Quite a few posts here on Sherdog too, especially back in 2017, the last time Bitcoin went parabolic and many went on to lose their shirts.

I work as programmer. I can tell you right now that I'm the only one on my team that owns bitcoin. Bitcoin has so much further to grow if software engineers are still not even close to being convinced on it. for all the talk about how tech oriented millennials are, it's just not the case when it comes to crypto currencies.

Stay strong then. Naysayers will always be around. But don't fall for the maximalist propaganda. There are very important projects being developed as we speak. Bitcoin may be abandoned eventually (or it may not), but to not recognise the projects that's being made is missing out on a lot of gains.

I'm not terribly interested in any project that isn't bitcoin. not for propaganda reasons, I just fail to see why it wouldn't be better to be a federated side chain that is settled with bitcoin. Ethereum already exists on bitcoin in the form of rootstock. It isn't used because dApps are just not popular yet. Digitizing physical assets isn't really a game changer like bitcoin is (the oracle problem will never be fixed, doesn't matter if some smart contract says you own a house if squatters invaded it and you don't have the ability to get them to leave)

but then again I do like monero specifically because it's not on the bitcoin chain. but that also doesn't mean that it has to have a high value if smart contracts are able to interchange it with another currency in a trust-less nature.