Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”
- Thread starter Frederick Foresight
- Start date
How many millions did you made? Because only your wallet is important for you. You are with high probability part of the 99% who watch the past but never took advantage of it when it was possible. Hindsight.
97% of all bitcoin adresses have a value lower than $1,000 today. So all the adresses missed probably the whole move up since the beginning. Because with returns going in the thousands of procent, the starting capital for these $1,000 adresse should have been somewhere below $0.0001.
And don't come with the story that millionaires and billionares split up there money in $1,000 adresses for safety.
Right, but that were the initial craze years. To think that Bitcoin will just keep rising like that is pure insanity. And even so, the fluctuations simply make it unusable as a serious form of storage of wealth.
I have heard that said so many times about Gold, despite it's stood the test of time many thousand years over.
Gold monthly standard deviation: 2.9%
Bitcoin monthly standard deviation: 25%
Gold and Bitcoin dont compare in terms of price stablility.
Gold is even less volatile than the S&P 500.
What was the BTC increasing in value, IN? What value was actually increasing? You mean it's value against the dollar, which is what it is priced in? Well, isn't that how everything is valued? Against a basket of fiat currencies?
For example, If you take some physical gold or BTC to a car dealer and say, "I wanna buy that Lambo for 2 ounces of gold, or 2 BTC", what is the dealer going to do? Just say yes and accept that form of currency? No. They are going to look up the value of the car in USD, which is how the car is valued on the market, and compare it to the value of gold or BTC in USD. He will then say NO! Gimme' more gold or BTC, to match the value of the Lambo.
Great Idea!
Further development underway at the hideaway. Stand By. Tenthirty.
...and wearing that T-Shirt, you know who you arrr, and may I say...
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Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”
Because with poopy in charge, it might get mighty COLD out there this winter.
The question is...
Do you burn the crypto before the end table legs or before?
What a stupid analogy - a comparison of things based on ways they are alike He made an analogy between flying and surfing.
They are on a distributed ledger genius. Light that up. Prolly a Democrat, lol.
Get an editor skyler.
Shoulda said: Why This Computer Scientist Says All Cryptocurrency Should “Go To Electron Hell”
Because with poopy in charge, it might get mighty COLD out there this winter.
The question is...
Do you burn the crypto before the end table legs or before?
What a stupid analogy - a comparison of things based on ways they are alike He made an analogy between flying and surfing.
They are on a distributed ledger genius. Light that up. Prolly a Democrat, lol.
Get an editor skyler.
Shoulda said: Why This Computer Scientist Says All Cryptocurrency Should “Go To Electron Hell”