Bitcoin Price Thread

Sprout said:
Not following why you are invoking Musk.
More...
Based on the thoroughness of that blogpost you seemed to me the type of person that believes in fairy tails.

johnarb said:
Bitcoin (btc) is $285B MC right now. Quick answer is that I'd rather own bitcoin. Have you considered the storage headache, maintenance costs (security requirements) of having that much shiny metal in a huge warehouse or many warehouses?

But to get back to your point, you diminish the value prop of bitcoin when you describe it as 1's and 0's. It's much, much, much, more than that. I can't do the research for you, there's tons of information on the internet and even here on many threads.

Here's JP Morgan research team doing some work for you.:

Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report
More...

I am not saying it is worthless, it does have its uses, which is why it has reached its levels (but never sustained it, aka bubble). Whatever any research (and I have seen the research, so I get your angle), to have a bunch of electrical currents equal to half the value of all the gold (at some point in time) sounds like a ludicrous idea to ME, maybe not to you that is ok. Yes I am talking about the whole crypto market 450B not just BTC 285B.
 
Last edited:
Heydrrich said:
Based on the thoroughness of that blogpost you seemed to me the type of person that believes in fairy tails.



I am not saying it is worthless, it does have its uses, which is why it has reached its levels (but never sustained it, aka bubble). Whatever any research (and I have seen the research, so I get your angle), to have a bunch of electrical currents equal to half the value of all the gold (at some point in time) sounds like a ludicrous idea to ME, maybe not to you that is ok. Yes I am talking about the whole crypto market 450B not just BTC 285B.
More...

Central Banks create Trillions of $ using electrical currents. You have fascination with gold, but it's not as useful to the average investor as bitcoin is.

This was posted when bitcoin was around $10,700. Bitcoin will probably break all time high in the next several weeks or months.

Bitcoin Is At An All-Time High*
 
johnarb said:
Central Banks create Trillions of $ using electrical currents. You have fascination with gold, but it's not as useful to the average investor as bitcoin is.

This was posted when bitcoin was around $10,700. Bitcoin will probably break all time high in the next several weeks or months.

Bitcoin Is At An All-Time High*
More...
'It is more useful to the average investor' is not a good fundamental reason for ME.

Trillions have been printend but stocks are at ATH, so the question is to what degree have that has been accounted for.
 
Last edited:
Heydrrich said:
Based on the thoroughness of that blogpost you seemed to me the type of person that believes in fairy tails.



I am not saying it is worthless, it does have its uses, which is why it has reached its levels (but never sustained it, aka bubble). Whatever any research (and I have seen the research, so I get your angle), to have a bunch of electrical currents equal to half the value of all the gold (at some point in time) sounds like a ludicrous idea to ME, maybe not to you that is ok. Yes I am talking about the whole crypto market 450B not just BTC 285B.
More...

Yeah, the fact that some whole countries now run on renewables is a bit inconvenient to your narrative.

https://twitter.com/x/status/1322463265247629312
 
Heydrrich said:
What about renewable farm lands, renewable oceans ? Renewable rare earth? Renewable oil ?

Common do your research if you want to start an argument.

https://youmatter.world/en/solar-energy-green-sustainable-27596/
More...

Are we now in ‘war of the blogs? j/k

The article you cite has valid points that are known within the industry. As for the other things that you mentioned, I’ve lost track of the point you are making.

Bitcoin mining uses a tremendous amount of energy. Mining farms locate close to renewable energy sources mainly hydroelectric and geo-thermal. It is just a fact that this gives them a competitive advantage due to lower electricity costs.

A recent development has been to put mining rigs near oil wells that are gassing off, recapturing a waste steam of energy into something productive.

What is it that you are debating about that?
 
Sprout said:
Are we now in ‘war of the blogs? j/k

The article you cite has valid points that are known within the industry. As for the other things that you mentioned, I’ve lost track of the point you are making.

Bitcoin mining uses a tremendous amount of energy. Mining farms locate close to renewable energy sources mainly hydroelectric and geo-thermal. It is just a fact that this gives them a competitive advantage due to lower electricity costs.

A recent development has been to put mining rigs near oil wells that are gassing off, recapturing a waste steam of energy into something productive.

What is it that you are debating about that?
More...



You know, I feel it is going to a zillion,,, let's do this, it'll probably go to a bullion thereafter
bull.jpg
 
Last edited:
Heydrrich said:
'It is more useful to the average investor' is not a good fundamental reason for ME.
More...

The world has so much excess wealth it doesn't know what to do with it. Some flows into yachts that never get used, art that is never looked at and bitcoin as a hedge against the devaluation of fiat. Whether it is useful to you or I doesn't really matter. Bitcoin is a reality that exists regardless of our comprehension or personal use case.

No doubt that the Average and Institutional investor's sentiments change over time.
https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/
 
Heydrrich said:
'It is more useful to the average investor' is not a good fundamental reason for ME.

Trillions have been printend but stocks are at ATH, so the question is to what degree have that has been accounted for.
More...

Bitcoin does not fit YOUR investment criteria. Bitcoin is not for everyone. You'll be fine with stocks at ATH, or gold.

Bitcoin will continue to move forward without YOU.
 
You must log in or register to reply here.
Back
Top