- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: This is precisely how I feel about bitcoin.
Posted on 1/30/26 at 10:15 am to bhtigerfan
Posted on 1/30/26 at 10:15 am to bhtigerfan
Yeah it’s pretty dopey. No one will ever use bitcoin to buy anything outside of drugs on the darkweb. Even if you wanted to buy something, there are so many other cryptos with little to no fees that would be better to use than bitcoin.
2
Posted on 1/30/26 at 10:19 am to bhtigerfan
The whole philosophy on Bitcoin dramatically shifted very early on. It was envisioned as digital currency, free of traditional government fiat management. Almost like a return to the gold standard type money.
It was supposed to actually be used for transactions, buying and selling. Like digital money.
But as the value rose that's not at all how it's viewed and used.
The price isn't stable enough to be money. People view it as an investment vehicle. As OP pointed out, people buy it on the sole expectation the price will go up, very similar to stocks. However unlike stocks it represents nothing actually tangible. With stocks you have a unit of ownership of a company. With Bitcoin you literally have nothing but the Bitcoin.
It was supposed to actually be used for transactions, buying and selling. Like digital money.
But as the value rose that's not at all how it's viewed and used.
The price isn't stable enough to be money. People view it as an investment vehicle. As OP pointed out, people buy it on the sole expectation the price will go up, very similar to stocks. However unlike stocks it represents nothing actually tangible. With stocks you have a unit of ownership of a company. With Bitcoin you literally have nothing but the Bitcoin.
This post was edited on 1/30/26 at 10:10 pm
Posted on 1/30/26 at 10:21 am to bhtigerfan
So basically Kohl's Cash?
Posted on 1/30/26 at 10:27 am to bhtigerfan
quote:
It produces no yield, no dividends, has no balance sheet, no products, no IP, no revenue, no employees.
Yeah, but they have really hot babes!!!
Posted on 1/30/26 at 10:30 am to High C
That's the only way it can be regulated...unless dems take over again.
Posted on 1/30/26 at 11:25 am to Bunkie7672
quote:
Yeah it’s pretty dopey. No one will ever use bitcoin to buy anything outside of drugs on the darkweb.
Dumb statement. I bought my 4th and 5th btc mining machines from bitmain with btc. Been making purchases at newegg for over a decade with btc. Also been buying gift cards at 10-20% off for a dozen+ years as well.
Posted on 1/30/26 at 11:28 am to High C
unlike cash, no more bitcoin can be printed. So there is that scarcity thing.
FWIW BTW, gold and silver aren't going to do jack squat for you in a real SHTF scenario. Ammo will be greater than gold alone.
FWIW BTW, gold and silver aren't going to do jack squat for you in a real SHTF scenario. Ammo will be greater than gold alone.
Posted on 1/30/26 at 11:39 am to LEASTBAY
quote:
Like a dollar bill?
You quoted a partial list of the attributes bitcoin doesn’t have. Dollars are very efficient when making transactions. I can go almost anywhere in the world and trade dollars for goods. I can’t do that with bitcoin.
Posted on 1/30/26 at 11:43 am to Judnnc
quote:
gold and silver aren't going to do jack squat for you in a real SHTF scenario. Ammo will be greater than gold alone.
Water will be more important than food, but that doesn’t mean food isn’t “going to do jack squat for you”.
I’ll have ammo AND gold. I’m going to use the gold to hire a bunch of baws like you to guard all the roads into Louisiana, and I’ll be the new Kingfish. When you apply, bring a picture of your wife.
Posted on 1/30/26 at 12:35 pm to bhtigerfan
Posted on 1/30/26 at 12:39 pm to bhtigerfan
quote:
Bitcoin's success is predicated on other people buying in and hoping somebody will buy it for more than them someday.
So like the stock market?
Who is buying stocks hoping someone will buy them for less off them?
Posted on 1/30/26 at 12:46 pm to Penrod
dollars are not very efficient to move large sums. BTC isn't there yet either as far as people accepting it. It might never be but it is much more efficient. Just saying BTC was not created as an investment vehicle. It's just a side effect.
Posted on 1/30/26 at 3:23 pm to TrueTiger
quote:True.
The other problem with crypto is that it doesn't work without electricity and computer networks.
What good is being a crypto billionaire in the apocalypse.
Posted on 1/30/26 at 3:31 pm to Bunkie7672
quote:
No one will ever use bitcoin to buy anything outside of drugs on the darkweb
I used it for a down payment on my house three years ago
Obviously this wouldn’t have been possible if the seller wasn’t capable of receiving it, but to say it’s only used for drugs on the darkweb isn’t accurate.
Posted on 1/30/26 at 3:44 pm to bhtigerfan
+90% of BTC's price is pure speculation, and there's nothing wrong with trying to make some money through speculation. One just needs to keep in mind you're speculating. The first time some bad actors introduce some malevolent code into the blockchain you'll see how speculation works. 
Posted on 1/30/26 at 3:57 pm to lurking
quote:
I used it for a down payment on my house three years ago
You mean you sold your btc and used that as a down payment?
Posted on 1/30/26 at 4:06 pm to High C
quote:
I have a small amount of crypto, and I believe that his explanation is overly simplistic.
Right. What he's saying is typical for people who doesn’t know much about crypto.
This post was edited on 1/30/26 at 9:35 pm
Posted on 1/30/26 at 4:06 pm to bhtigerfan
Lol..... now do the dollar!!!!!
Posted on 1/30/26 at 4:07 pm to dgnx6
quote:
Bitcoin's success is predicated on other people buying in and hoping somebody will buy it for more than them someday.
So like the stock market?
Who is buying stocks hoping someone will buy them for less off them?
Not really.
There is a speculation component shared by BTC and buying stocks but when you buy stocks you're generally buying part of a hard asset comprised of buildings, equipment, a workforce, and a finished product or service.
Posted on 1/30/26 at 4:09 pm to Bunkie7672
No I transferred it to the seller’s wallet. Down payment was used loosely. It was more of a “proof of intent to purchase” move more accurately.
Page 2 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News