This is the first article I read that actually makes some sense to me.
The very long term prospects for bitcoin
- Thread starter ScroogeMcDuck
- Start date
This is the first article I read that actually makes some sense to me.
these arguments against bitcoin are so stupid, i can't even.
infinitely divisible, the sky is falling, bitcoin crash. riiiiight. cause dollars aren't infinitely divisible? gold isn't?
not truly scarce because there are other crypto currencies...so dollars are worthless b/c there are other fiats?
thank goodness these fools are there to take the other side of this trade. and once they finally come on board, let me know -- it'll be time to get out.
infinitely divisible, the sky is falling, bitcoin crash. riiiiight. cause dollars aren't infinitely divisible? gold isn't?
not truly scarce because there are other crypto currencies...so dollars are worthless b/c there are other fiats?
thank goodness these fools are there to take the other side of this trade. and once they finally come on board, let me know -- it'll be time to get out.
Right now with I see a wallet with $141,791,480,054 USD with bitcoin at $32,452.90.
So if bitcoin 10x from here then we have bitcoin trillionaires?
Are we going to have 10 bitcoin trillionaires when Bezos or Elon are worth 600 billion for instance?
To me there is some obvious and massive price distortion currently that is separate from the long term price and utility of bitcoin.
All the gold ever mined is worth 7-8 trillion USD. 2140 is really far away.
So if bitcoin 10x from here then we have bitcoin trillionaires?
Are we going to have 10 bitcoin trillionaires when Bezos or Elon are worth 600 billion for instance?
To me there is some obvious and massive price distortion currently that is separate from the long term price and utility of bitcoin.
All the gold ever mined is worth 7-8 trillion USD. 2140 is really far away.
exchange wallet.
We won’t have trillionaires unless the $ is devalued. Not every schmuck who bought $5k worth is gonna retire off it.
there is an unknown and extremely large quantity of unmined gold. It just needs to be cost effective to dig it up. Not truly scarce.
When other people have a different opinion, different thinking,
different approach, different projection, different reasoning from you,
how would you react?
Become very furious,
very angry, very mad, very antagonistic,
and hence suffer many sleepless nights.
and put in tons of effort trying to convert other people
or
just accept it.
We can't earn money by trying to convert other people.
different approach, different projection, different reasoning from you,
how would you react?
Become very furious,
very angry, very mad, very antagonistic,
and hence suffer many sleepless nights.
and put in tons of effort trying to convert other people
or
just accept it.
We can't earn money by trying to convert other people.
the "converting" part of this trade is exactly what makes it so potent. i defy you to shake the faith of the bitcoin believers. i plan to profit from this fervor which is clear as day.
Maybe faith is a start, however, due diligence in understanding the tech and it’s significance is what makes a BTC maxi.
no doubt. i haven't seen anything that convinces me the btc maxi's are wrong. i just don't want to lose sight of why i'm in this trade. it's because of the faith and fervor of the maxi's. i don't need to become one.