Search results

Why tho?????

this is on my reading list. I am definitely going to check this book out. Did you read it? I would love to hear your feedback as well. My bias going into this is that most of crypto is bullshit, but bitcoin is a huge deal. Time will tell

you can’t argue that interest in bitcoin is dropping, no matter what you think about it.

you think if there was a stable coin for a pet rock it would be worth 600 billion right now?? lolololololol

so I guess you are just ignoring Fidelity’s opinion on the matter?

I would genuinely love to hear what you disagree with. What refutation to these criticisms are you not buying?

to be clear, this report is pro bitcoin. It just tackles common criticisms such as it uses too much energy, there will be a bug, it’s not good for micro payments, etc.

I am sure they have thought about this. Also they (fidelity) have been unabashedly pro bitcoin for like 7 years now.

Nice work from Fidelity. Topic covered include: - Bitcoin is too volatile to be a store of value. - Bitcoin has failed as a means of payment - Bitcoin is wasteful and/or bad for the environment. - Bitcoin will be replaced by a competitor. - Bitcoin is not backed by anything. - A bug in...

so what bitcoin price do you think we have to worry about this? It certainly isn’t 35,000. It’s probably not even 100,000. At 100,000 that is still only a market cap of like 2 trillion which again is just 20% of the current gold market cap.

Your hypothetical scenario though is likely thousands of percent away from the current price. Currently bitcoin is just 10% of golds market cap for god sake, and I think it’s certainly has much more utility than gold. My point is even if you are right, and to be clear, I disagree with your...

If they are better tho why does nobody use them? And why are they worth small fractions on bitcoin? You are the only one smart enough to see this? Or just maybe you are missing something?

the fact that sometimes assets get overvalued doesn’t make market cap mean nothing

It takes a special kind of delusion to say bitcoin objectively the best investment of the decade, is a suckers bet. You are just making up stories to make yourself feel better. and market cap is certainly a valid statistic. Not the only one you need, but a valid one.

yes I think so, but most are going to 0. This really isn’t any different than individual stocks. Most of them go to zero as well. Here’s how I look at it The money/store of value used case is pretty much sewn up. I don’t see anyone seriously challenging bitcoin here, competitors if you want to...

how is bitcoin a con? I’d love to hear it

To be crystal clear he is guilt bc he stole customer funds and put them into stupid investments. Its not bc his coins went down, tho all "Sam coins" with the possible exception of Solana are complete bullshit

One of the biggest mistakes is letting bullshit like “safemoon” turn you off from the whole space IMO

it’s not too late!

how did not buying it work out over the last 3,5,7,10 years? It’s only the best performing asset on the planet. But go ahead keep ignoring it.