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Message
re: Bitcoin people, is now a good time to cash out?
Posted on 3/7/25 at 4:46 pm to SlidellCajun
Posted on 3/7/25 at 4:46 pm to SlidellCajun
quote:
So what use do you have for bitcoin?
Same as the use for the gold I own.
"But I used gold to pay for a new roof after Katrina"
People use BTC to pay for products and services all the time, but more than that, as for gold, BTC is a store of value.
"But there's no use case"
2
Posted on 3/7/25 at 7:24 pm to David_DJS
quote:
People use BTC to pay for products and services all the time, but more than that, as for gold, BTC is a store of value.
Gold has a lot of uses.
Bitcoin is Store of value as long as it has value. Why does it have value?
What is YOUR use for bitcoin?
What is anyone use for bitcoin that can’t be better accomplished with the USD?
This post was edited on 3/7/25 at 7:57 pm
Posted on 3/8/25 at 9:23 am to SlidellCajun
quote:
What is anyone use for bitcoin that can’t be better accomplished with the USD?
Storing value
Posted on 3/8/25 at 10:04 am to tenderfoot tigah
There are better ways to “store value”
Far less volatile and useful ways
Far less volatile and useful ways
Posted on 3/8/25 at 10:22 am to Tiger1242
Only people who get hurt on a roller coaster are people that jump out. Enjoy the ride!
Posted on 3/8/25 at 10:41 am to David_DJS
quote:
Same as the use for the gold I own. "But I used gold to pay for a new roof after Katrina" People use BTC to pay for products and services all the time, but more than that, as for gold, BTC is a store of value. "But there's no use case"
IDC, Bitcoin is ultimately a speculation trap.
I’ll go with physical gold, thanks.
Posted on 3/8/25 at 11:06 am to Tiger1242
If the US is moving toward a digital currency, it doesn’t seem to bode well for bitcoin
Posted on 3/8/25 at 1:41 pm to Warfox
quote:I'm guessing you are above the age of 60
I’ll go with physical gold, thanks.
Posted on 3/8/25 at 2:11 pm to Warfox
Guy in 2000 BC
Once you study WHY they moved to a gold standard to preserve wealth, you will understand why Bitcoin is next in line.
Gold became favored because of these unique characteristics:
• Scarcity: Limited supply increased its value.
• Durability: Doesn’t rust or corrode, preserving wealth across generations.
• Divisibility: Could be easily measured, divided, and standardized.
• Portability: Easier to transport compared to livestock or large commodities.
• Universality: Widely accepted across different cultures.
If society moved to gold because of durability, scarcity, divisibility, portability, and universality, Bitcoin, by offering even better versions of these same qualities, stands as an obvious candidate for becoming the next standard for wealth preservation.
quote:
IDC, Gold is ultimately a speculation trap.
I’ll go with seashells, cows and grain, thanks.
Once you study WHY they moved to a gold standard to preserve wealth, you will understand why Bitcoin is next in line.
Gold became favored because of these unique characteristics:
• Scarcity: Limited supply increased its value.
• Durability: Doesn’t rust or corrode, preserving wealth across generations.
• Divisibility: Could be easily measured, divided, and standardized.
• Portability: Easier to transport compared to livestock or large commodities.
• Universality: Widely accepted across different cultures.
If society moved to gold because of durability, scarcity, divisibility, portability, and universality, Bitcoin, by offering even better versions of these same qualities, stands as an obvious candidate for becoming the next standard for wealth preservation.
Posted on 3/8/25 at 2:20 pm to SlidellCajun
quote:
If the US is moving toward a digital currency, it doesn’t seem to bode well for bitcoin
Democrats want this so they can control us like China does with their digital currency.
Republicans are fighting tooth and nail against this.
Posted on 3/8/25 at 2:29 pm to I Love Bama
quote:
Gold became favored because of these unique characteristics: • Scarcity: Limited supply increased its value. • Durability: Doesn’t rust or corrode, preserving wealth across generations. • Divisibility: Could be easily measured, divided, and standardized. • Portability: Easier to transport compared to livestock or large commodities. • Universality: Widely accepted across different cultures. If society moved to gold because of durability, scarcity, divisibility, portability, and universality, Bitcoin, by offering even better versions of these same qualities, stands as an obvious candidate for becoming the next standard for wealth preservation.
Bitcoin doesn’t even exist physically, and lacks the utility of gold.
“Here, let me pay you with this etheric electronic currency, it’s TOTALLY legit, trust me bro.
Posted on 3/8/25 at 5:52 pm to Warfox
quote:
Bitcoin doesn’t even exist physically, and lacks the utility of gold.
“Here, let me pay you with this etheric electronic currency, it’s TOTALLY legit, trust me bro.
Trillions in global market cap does not physically exist. What does this have to do with anything?
China, the second largest economy on the planet, has an electric currency.
Your points are horrible.
Posted on 3/8/25 at 9:37 pm to Warfox
quote:I've got a secret to tell you about 90% of our lovely USD
Bitcoin doesn’t even exist physically
Posted on 3/9/25 at 3:42 am to SlidellCajun
quote:
If the US is moving toward a digital currency, it doesn’t seem to bode well for bitcoin
More than your less than weighty arguments for gold v. BTC, this comment here suggests you really don't understand bitcoin. At all.
Posted on 3/9/25 at 5:03 am to Warfox
quote:
Bitcoin doesn’t even exist physically, and lacks the utility of gold.
“Here, let me pay you with this etheric electronic currency, it’s TOTALLY legit, trust me bro.
Sort of like how most of our money is just numbers on a spreadsheet getting moved from one account to another digitally or nah
Posted on 3/9/25 at 10:20 am to umrebel2009
quote:
Sort of like how most of our money is just numbers on a spreadsheet getting moved from one account to another digitally or nah
Our “money” is the Petro Dollar which, while far less dominant than in past decades, is actually backed by trade in oil and our military might.
Bitcoin is purely speculative.
Posted on 3/9/25 at 11:33 am to David_DJS
quote:
More than your less than weighty arguments for gold v. BTC, this comment here suggests you really don't understand bitcoin. At all
I don’t have any arguments for gold vs bitcoin other than the fact that I use gold as do billions of other people. I have zero use for bitcoin and neither do billions of other people. If bitcoin ceased to exist, I wouldn’t be impacted at all. Neither would you unless of course you bought some.
And how does a US issued crypto bode well for bitcoin?
Educate us
This post was edited on 3/9/25 at 11:39 am
Posted on 3/9/25 at 12:47 pm to TigerTatorTots
quote:
I've got a secret to tell you about 90% of our lovely USD
It’s not a secret, and SO WHAT?
Doesn’t make bitcoin better than USD for all the reasons listed above.
Posted on 3/9/25 at 12:49 pm to TigerTatorTots
quote:
I've got a secret to tell you about 90% of our lovely USD
…it’s not a secret?
And how is that a win for bitcoin who claims similar?
Posted on 3/9/25 at 3:05 pm to Warfox
Correct, it’s not a secret. However you stated that’s a reason why bitcoin isn’t good. But it’s the same with USD. So is the USD also not good bc 90% of it doesn’t exist physically?
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