HODL til 2024 Crypto Bull Run

[Toxigen]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Okay so i put all my life savings in at 58,000 dollars and now its dipping so I put all my wifes life savings in. My father wants to get in too. Should all buy 100% BTC or also some DOGE coin? I sold my house cuz it doesn't appreciate as much as BTC does but paying rent means i gotta get at least a 19 percent rate of return on BTC otherwise i lose out.

ask your wife's boyfriend for more money to buy the dip

[Reiwa]

Originally Posted by unsunghero [You must be logged in to view images. Log in or Register.]

Glad I chose to invest in debt.

🤩

[Jibartik]

if you bought it at 33 you should be feeling pretty good!

wont be long until its 60 again.

Unless god willing he shows up and we can forgo all these petty constructs.

[Castle2.0]

Worth a read from Fidelity

https://www.fidelitydigitalassets.co...coin-first.pdf

Title -- Bitcoin First
Subtitle -- Why investors need to consider bitcoin separately from other digital assets

[Gustoo]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Okay so i put all my life savings in at 58,000 dollars and now its dipping so I put all my wifes life savings in. My father wants to get in too. Should all buy 100% BTC or also some DOGE coin? I sold my house cuz it doesn't appreciate as much as BTC does but paying rent means i gotta get at least a 19 percent rate of return on BTC otherwise i lose out.

Originally Posted by Toxigen [You must be logged in to view images. Log in or Register.]

ask your wife's boyfriend for more money to buy the dip

Thanks for the response I was hoping for a few laughs but a rock thrown is good enough.

[Gustoo]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Worth a read from Fidelity

https://www.fidelitydigitalassets.co...coin-first.pdf

Title -- Bitcoin First
Subtitle -- Why investors need to consider bitcoin separately from other digital assets

This is actually a decent article and I agree that bitcoin is unique compared to bullshit digital assets, in a way.

The pyramid scheme aspect of all digital currency items is a little tough to get over though.

[Castle2.0]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

This is actually a decent article and I agree that bitcoin is unique compared to bullshit digital assets, in a way.

The pyramid scheme aspect of all digital currency items is a little tough to get over though.

Originally Posted by Wikipedia

A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.

Bitcoin is a pyramid insomuch as anything that can increase in value through network effects is a pyramid. IOW, it's not.

You can think of BTC as digital gold and all other coins as unregulated stocks in fintech startups.

There are obvious "headless pyramids" like Doge, Shiba, etc. There are tech projects with a token looking to solve real problems, ETH, HNT, etc. Then you have BTC. It's just digital gold. It's the best money ever made. Period.

[Gatordash]

Can the government track bitcoin yet? I feel like a large part of why its so valuable is its a currency that governments have trouble tracking and therefore taxing, but then when that whole gas pipeline thing came up a few months ago I thought they were able to figure out where the bitcoin ransom was going and recover a lot of it?

[Jibartik]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Can the government track bitcoin yet? I feel like a large part of why its so valuable is its a currency that governments have trouble tracking and therefore taxing, but then when that whole gas pipeline thing came up a few months ago I thought they were able to figure out where the bitcoin ransom was going and recover a lot of it?

It's actually trackable more than any other currency.. in order to make a transaction now the blockchain has to verify that. So you can look up every single transaction on the bitcoin chain.

Bitcoin didn't always work like this, but it does now. I dont know the details.. but basically, you cannot purchase or exchange bitcoin without the man knowing exactly which wallet when where and how much was transferred.

Because of my infatuation with the end of times, my crypto friends like to say that they think crypto is the mark of the beast, partly because it was initially invented by the NSA and that it's designed to be a 1 world currency where there would be no freedom. Under the disguise of freedom.

[Reiwa]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Bitcoin is a pyramid insomuch as anything that can increase in value through network effects is a pyramid. IOW, it's not.

You can think of BTC as digital gold and all other coins as unregulated stocks in fintech startups.

There are obvious "headless pyramids" like Doge, Shiba, etc. There are tech projects with a token looking to solve real problems, ETH, HNT, etc. Then you have BTC. It's just digital gold. It's the best money ever made. Period.

Looks like Castle is right again folks!

It's actually greater fool theory. [You must be logged in to view images. Log in or Register.]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Can the government track bitcoin yet? I feel like a large part of why its so valuable is its a currency that governments have trouble tracking and therefore taxing, but then when that whole gas pipeline thing came up a few months ago I thought they were able to figure out where the bitcoin ransom was going and recover a lot of it?

I think they said they were able to gank most of it back because one of the stealybois electrowallets was already compromised by them lol. [You must be logged in to view images. Log in or Register.]