Gold vs bitcoin ...

Baron said:
So how many years of being wrong will it take for you to finally say, "Ok, he was wrong about Bitcoin and so was I"?
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We are talking about 2 different things. It is a speculative, Ponzi-like instrument that has had quite a run. That doesn't make it economically relevant apart from its mass hysteria trading price. What I was "wrong" about, if anything, is that I didn't think it would reach the heights that it did. But that does not validate its premise. It is still founded on make-believe and whole cloth, with all kinds of claims of "disruptions" thrown in for good measure. You know, PR.

A bubble doesn't last just a moment in time. And I will admit that it's hard to believe that it lasted this long and remains ongoing. That you're making money is absolutely great. Good for you. And because you are net positive means that it cannot possibly be a bubble? Especially when there are all kinds of people talking it up at one convention after another, preaching the gospel to mostly young, gullible hodlers who don't know they're being taken for a ride at their own and potentially considerable expense?

Yeah, I know. This time it's different.

I just hope you have a stop loss in place. Just in case the world is round.
 
Frederick Foresight said:
We are talking about 2 different things. It is a speculative, Ponzi-like instrument that has had quite a run. That doesn't make it economically relevant apart from its mass hysteria trading price. What I was "wrong" about, if anything, is that I didn't think it would reach the heights that it did. But that does not validate its premise. It is still founded on make-believe and whole cloth, with all kinds of claims of "disruptions" thrown in for good measure. You know, PR.

A bubble doesn't last just a moment in time. And I will admit that it's hard to believe that it lasted this long and remains ongoing. That you're making money is absolutely great. Good for you. And because you are net positive means that it cannot possibly be a bubble? Especially when there are all kinds of people talking it up at one convention after another, preaching the gospel to mostly young, gullible hodlers who don't know they're being taken for a ride at their own and potentially considerable expense?

Yeah, I know. This time it's different.

I just hope you have a stop loss in place. Just in case the world is round.
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Here's the thing. You've been criticizing Bitcoin for over 7 years now. Back in 2017, you were calling it a bubble when it was around $16k. Since then, BTC has quadrupled in price.

I think you really, really want to believe in the BTC crash theory you've latched onto, but you've literally got nothing to support your viewpoint, other than the standard "Watch out. It's gonna happen one day!" approach.

You're like the evangelical preacher constantly calling for the end times and the rapture, but it never actually happens.
 
Baron said:
Here's the thing. You've been criticizing Bitcoin for over 7 years now. Back in 2017, you were calling it a bubble when it was around $16k. Since then, BTC has quadrupled in price.

I think you really, really want to believe in the BTC crash theory you've latched onto, but you've literally got nothing to support your viewpoint, other than the standard "Watch out. It's gonna happen one day!" approach.

You're like the evangelical preacher constantly calling for the end times and the rapture, but it never actually happens.
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Good argument. But it doesn’t change crypto’s flimsy premise. Just that there is a longer line of greater fools than originally thought. I never suggested I could time it. I just see it for what it is. And given what it actually is, that it will crash at some point is just the inevitable outcome as these things go

But, hey, it’s not like I’m gonna short it. I’m not brave enough to step in front of an oncoming train powered by religious fervor. I’ll just be the rubbernecker looking on.
 
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