If you think the Fed will stop hiking, look at Bitcoin

[Frederick Foresight]

every time i see a coin-skeptic that see's bitcoin and other tokens as a religious discussion, it tells me crypto is still in the early days. it's bullish for bitcoin. a paradigm shift in banking and ownership is possible and it involves crypto currency. i just hope i live to see it. maybe it is religious after all

Its value rests on NOTHING. It is backed by NOTHING but greater fools, religious or otherwise. It may rise, but it's still an illusory asset. That it still exists rests on mass illusion.

Just my opinion, of course.

 

[Maverick2608]

every time i see a coin-skeptic that see's bitcoin and other tokens as a religious discussion, it tells me crypto is still in the early days. it's bullish for bitcoin. a paradigm shift in banking and ownership is possible and it involves crypto currency. i just hope i live to see it. maybe it is religious after all

I will stop calling it religious the day I can do something cheaper/faster/more efficient with BTC than I can with conventional currency. Crypto has often been compared to the internet revolution. At his point of the internet revolution (same number of years since introduction), the internet delivered services and goods cheaper/faster/more efficient in a multitude of different areas.

 

[M.W.]

Of course it is, everything you said I think is not contentious. Even crypto shills believe that.

Its value rests on NOTHING. It is backed by NOTHING but greater fools, religious or otherwise. It may rise, but it's still an illusory asset. That it still exists rests on mass illusion.

Just my opinion, of course.

 

[Frederick Foresight]

Of course it is, everything you said I think is not contentious. Even crypto shills believe that.

I don't know. Some crypto enthusiasts are True Believers.

 

[unconventional wisdom]

Its value rests on NOTHING. It is backed by NOTHING but greater fools, religious or otherwise. It may rise, but it's still an illusory asset. That it still exists rests on mass illusion.

Just my opinion, of course.

how do you feel about fiat that’s literally endlessly printed? and gold that is heavy to lug around?

 

[Frederick Foresight]

how do you feel about fiat that’s literally endlessly printed? and gold that is heavy to lug around?

Better.

 

[unconventional wisdom]

Better.

fair enough. to each his own.

 

[Cuddles]

Its value rests on NOTHING. It is backed by NOTHING but greater fools, religious or otherwise. It may rise, but it's still an illusory asset. That it still exists rests on mass illusion.

Just my opinion, of course.

it's backed by a shit ton of spent energy. It's like stored energy you can't use/recover except in money form.

 

[Frederick Foresight]

it's backed by a shit ton of spent energy. It's like stored energy you can't use/recover except in money form.

Wasted energy? Lots and lots of it?

I'm not up on these thing, so correct me if I'm wrong. But I read somewhere that, while crypto cannot exist without blockchain, blockchain can exist without crypto.

 

[GlobalMacro90]

I will stop calling it religious the day I can do something cheaper/faster/more efficient with BTC than I can with conventional currency. Crypto has often been compared to the internet revolution. At his point of the internet revolution (same number of years since introduction), the internet delivered services and goods cheaper/faster/more efficient in a multitude of different areas.

well this weekend I moved 50k worth of bitcoin on a Sunday. It settled in 10 minutes and it cost me less than $1

and that’s doing the transaction on the base layer. If I would of down or via lightning, with would be been a few cents.

Does this count?