HODL til 2024 Crypto Bull Run

[Gustoo]

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

Anyone nervous about the only people buying these global cryptocurrencies is those in the US? Bitcoin and Ethereum are described as a global cryptocurrency where you don't need banks etc., but its not really a currency because no one uses it as such, its more like a digital investment commodity. Problem is for that to be worth anything, everyone has to agree that is it worth something. But the only ones who think it is worth anything are those who live in the US I assume because we are the only ones buying it. Anyways if global banks start tightening up and raising rates I could see people in the US holding the bag on some of these cryptocurrencies.

That's exactly how pyramid schemes work - someone is left holding the bag.

You hope it isn't you.

[Jibartik]

but its not really a currency because no one uses it as such,

Not true! Actually the greatest value in crypto is in the humanitarianism it brings, by bringing currencies to countries that have access to the internet via phones, but not via ATM machines.

People in 3rd world countries are using it to buy and sell water and food.

Americans dont use it for anything because we're spoiled bitches with ATMs on every corner so we dont need it.

But the world NEEDS it and uses crypto for all the things you take for granted in developed nations.

THIS is why its value is 60k and the average American fat ass is like "whAt DoEs BiTcOin EvEN Do!? ?!//.1"

[Gatordash]

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

Not true! Actually the greatest value in crypto is in the humanitarianism it brings, by bringing currencies to countries that have access to the internet via phones, but not via ATM machines.

People in 3rd world countries are using it to buy and sell water and food.

Americans dont use it for anything because we're spoiled bitches with ATMs on every corner so we dont need it.

But the world NEEDS it and uses crypto for all the things you take for granted in developed nations.

THIS is why its value is 60k and the average American fat ass is like "whAt DoEs BiTcOin EvEN Do!? ?!//.1"

Yeah I get the philosophy behind it but its all potential uses at this point because people aren't actually using to buy food and water in Sudan or wherever. And if they were than how the hell would you price anything with the volatility being all over the place? I mean I bitch about housing prices on here all the time cause they went up 17% or whatever but Castle pointed out that its gone up 200%+ in the last 3 months.

[Jibartik]

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

Yeah I get the philosophy behind it but its all potential uses at this point because people aren't actually using to buy food and water in Sudan or wherever. And if they were than how the hell would you price anything with the volatility being all over the place? I mean I bitch about housing prices on here all the time cause they went up 17% or whatever but Castle pointed out that its gone up 200%+ in the last 3 months.

https://markets.businessinsider.com/...y-storm-2021-7

Things are different out there then they are here by a long shot, you're not thinking about market volatility when you're spending 10 cents a day.

It's not financially viable for VISA or traditional banking to bring currency and the benefits that provides to these areas for that price point, but it IS financially viable for someone there to setup a bitcoin exchange there without requiring the infrastructure VISA would require to do that.

Now a goatherder, has not only a bank account, but investments and savings.

There are 10s of thousands of stable companies offering these services all over the world, giving BC huge gains each time they open up. And there's room for 10s of millions more!

It's infinitely valuable to the poor and when we realize how much better it is actively making the world its going to hit 100k a coin no problem.

[Smoofers]

Bitcoin will never be anything more than a store of value. Crypto has moved so far past Bitcoin that it's akin to boomer gold now. The real value in crypto lies in the new tech which is to web 3 that TCP/IP was to web 1

[Gustoo]

Bitcoin is used successfully to pay for things. Dude wants 50,000 dollars for some illegal items, his customer gives him 50,000 dollars of bit coins. Dude sells 50,000 of bitcoins and has clean cash. Mission accomplished.

If it helps, the price of my ammo has almost matched bitcoin in last few years so thats nice. LOL

[Smoofers]

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

Bitcoin is used successfully to pay for things. Dude wants 50,000 dollars for some illegal items, his customer gives him 50,000 dollars of bit coins. Dude sells 50,000 of bitcoins and has clean cash. Mission accomplished.

If it helps, the price of my ammo has almost matched bitcoin in last few years so thats nice. LOL

Monero is faster than bitcoin and is actually untraceable. The only retards that still use bitcoin to pay for illegal shit end up getting served no-knock warrants

[Gustoo]

National governments wish to own your identity and therefore your financial and banking information and access.

I don't think that these things will be allowed to thrive. Just my guess.

[Jibartik]

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

National governments wish to own your identity and therefore your financial and banking information and access.

I don't think that these things will be allowed to thrive. Just my guess.

well, dont be too hasty.

The NSA invented SHA256 (the algorithm that allows all this) and nobody knows who satashi nakamorwhatever his name is who invented bitcoin, and because each payment is recorded in a permanent fixed ledger allowing every purchase to be traced, there is a part of me that thinks the government made it so they wouldn't need a bill to see if you had more than 600$ in your bank account.

[Whale biologist]

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

National governments wish to own your identity and therefore your financial and banking information and access.

I don't think that these things will be allowed to thrive. Just my guess.

That's why I don't like crypto. I don't want zuck to win. [You must be logged in to view images. Log in or Register.]

The devil you know and all that.