White House: Biden Will Veto Bitcoin Legislation

wxytrader said:
He doesn't care because he's already a billionaire and doesn't understand it. Bitcoin was started as an anti inflation decentralized currency but evolved into a store of value. Why do you guys have such a hard time understanding that?
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A currency that goes through 50% up and down in value is a good store of value? LOL What value did it store when it lost 50% of its value? LOL Anti-inflation? How's it anti-inflation when there are now thousands of cryptos just like Bitcoins flowing around?

wxytrader said:
I have a (2008) Lambo from trading...what do you have to show for it? :)
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Congrats if you say so. Hope you hold onto it. In the trading world, it's now how much you make that counts but how much you can retain at the end of the day that does. And sorry to disappoint you, I am not going into a pissing contest. How much I make in trading is not something that I need to show you.
 
TheDawn said:
A currency that goes through 50% up and down in value is a good store of value? LOL What value did it store when it lost 50% of its value? LOL Anti-inflation? How's it anti-inflation when there are now thousands of cryptos just like Bitcoins flowing around?
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What does other crypto floating around have to do with Bitcoin? In the time Bitcoin went from 16k to 70k gold went from like $1200 to $1600 lol...who cares about pullbacks...gold is old dude.
 
wxytrader said:
What does other crypto floating around have to do with Bitcoin?
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Having to do with Bitcoin being anti-inflationary. It's only anti-inflationary if it has limited supply but if there are close substitutes to it then it doesn't have limited supply anymore does it?

wxytrader said:
In the time Bitcoin went from 16k to 70k gold went from like $1200 to $1600 lol...who cares about pullbacks...gold is old dude.
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Ok so you admit it's not a good store of value then or has stability of value even if its value can go up and down by 50%+ in just a few years. See you have no concept of what a currency's supposed to be like or let alone a legal tender that an entire country of people need to depend on for their livelihood or even a reserve currency that an entire world of people use to run their lives. Like I said before, Bitcoin just like any crypto's, is just another tradable commodity that you play with to get rich if you are lucky.
 
TheDawn said:
But if somebody like Warren Buffet is not fretting about missing this "opportunity of a lifetime" then I am certainly not fretting either. LOL
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Buffet has made his billions.He needs to make 1% per annum to be successful.

You and I aren't rich,we need to look for the opportunities that are home runs,all whilst making what we can from the markets.

Edit to say that I'm not picking on you TheDawn :D.You just happen to be taking opposite sides in the threads we seem to both be in last couple of days.:D
 
semperfrosty said:
My point was that you nor I nor schizo should compare ourselves to him or make decisions based on what he is doing.
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And my point is that he's arguably as sharp today as he was when he started before he got rich. And he thinks crypto is...well, you fill in the blank. And remember, he's the value investor.
 
Frederick Foresight said:
Oh, for fuck's sake. Prove it, already. I've had enough of this "Lambo" shit.
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He does admit its a 2008.haha

We could all have one if it was prudent.Its not an out of this world claim.

The fact that he earned it in a single trade would be worthy of a call out but,again,this wouldnt be a wild claim.
 
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