Why Bitcoin Is Worthless: The Definitive Guide

You all don't realize that someday soon you will be FORCED to buy #btc in order to pay your bills, to eat.

It's coming. Those of us that got the word early have sucked up all the #btc float and will demand a very high price from you when the day comes you are BEGGING for a #btc.

Maybe I'll sell you one of my thousands for 500,000 USD Fiat.
 
This beside being stupid, also illogical...

SoesWasBetter said:
You all don't realize that someday soon you will be FORCED to buy #btc in order to pay your bills, to eat.
More...

Just for the sake of fun, let's say you are right. Since the value of BTC will be still determined by greenbacks, it doesn't matter if BTC is $10 or 10K, because it will still just be a substitute of dollars.

Unless we are going to start to measure everything (even salaries) in cryptos and without the dollar equivalent, then exchange rate is irrelevant...
 
Last edited:
Ahhh, but a 500k #btc will cause massive dollar inflation, and your buying power will take a steaming dump.

Guess you didn't grep that the first pass. Thats ok, that's why I'm here, to help you over the hump .
 
SoesWasBetter said:
Ahhh, but a 500k #btc will cause massive dollar inflation, and your buying power will take a steaming dump.

Guess you didn't grep that the first pass. Thats ok, that's why I'm here, to help you over the hump .
More...

Oh boy, I have to teach Economy 101....

When BC is at 50K, it has nothing to do with the dollar and it has no effect on it inflation-wise.

My point was (and I will give you a second chance because some peple are just slower than others):

1. If you live in a BTC enviroment where everything is measured in BTC, than the dollar or the euro has no meaning for you, thus the exchange rate is irrelevant. Unless you go and take a vacation in dollar land.

2. If you are just like now a merchant who doesn't keep BTC on the books but exchange it immediately for dollars, the exchange rate is also irrelevant because BTC is just an extra step for getting dollars.

Capisce now?
 
I remember Buffet who shied away from tech stocks boom because he did not understand them.
Now, even Goldman is encouraging retail to buy. :D :D :D
 
smallStops said:
I remember Buffet who shied away from tech stocks boom
More...

The same with Cramer and Tesla, he would never touch it and says, buy the car not the stock if you like Tesla.

They might be wrong in both cases, but they are also RICH.... :)
 
smallStops said:
I remember Buffet who shied away from tech stocks boom because he did not understand them.
Now, even Goldman is encouraging retail to buy. :D :D :D
More...
Goldman trotted Abby Joseph Cohen out on CNBC to pimp the techs during the death spiral of 2000-2001. While all the while, they lived at the offer selling to the sheep.
 
You must log in or register to reply here.
Back
Top