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Started By
Message
re: This is precisely how I feel about bitcoin.
Posted on 1/31/26 at 7:46 am to Boodis Man
Posted on 1/31/26 at 7:46 am to Boodis Man
quote:
The people complaining about bitcoin are the ones that dont have any
Bitcoin is down like 30% from its peak, and while PMs have gone up. There are typical btc buyers putting money in gold and/or silver. No doubt keeping it down in the 80k range now.
Yeah no doubt people holding on to Bitcoin have nothing to complain about.
Perhaps you can tell everyone what you know about it's future that others don't. Because it seems the actual "benifits" is something that the Bitcoin hardcore's tend to have difficulty explaining
This post was edited on 1/31/26 at 7:49 am
0
Posted on 1/31/26 at 8:11 am 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 stocks.
quote:
It produces no yield, no dividends, has no balance sheet, no products, no IP, no revenue, no employees.
So, like gold.
quote:
Crypto doesn't work without electricity and computer networks.
So, like your credit card. Like your bank. Like your phone and your internet.
quote:
Its original theorized purpose was to be outside of the financial system, untraceable
Wrong. It was never meant to be untraceable. On the contrary, it was ALWAYS meant to be 100 percent transparent and traceable.
quote:
Once people realized the cost of transactions was high
Transactions are very low. I moved over 100K last month for 43 cents. It would have cost me hundreds of dollars through a bank. So, wrong yet again.
quote:
It sucks for buying a pack of gum at the C store.
I buy my morning coffee five times a week with bitcoin. It's just as fast as with my CC.
quote:
No one will ever use bitcoin to buy anything outside of drugs on the darkweb
Wrong. Like I wrote, I buy my coffee every morning with it. I also bought a boat with bitcoin a couple of years ago. You're a moron.
quote:
You mean you sold your btc and used that
Nope. Stop being a moron.
quote:
The people complaining about bitcoin are the ones that dont have any
Bingo. I'm sorry they all missed out.
quote:
I believe that his explanation is overly simplistic
It's retarded.
This post was edited on 1/31/26 at 8:13 am
Posted on 1/31/26 at 8:35 am to bhtigerfan
This is how I feel about bitcoin. I wish I had bought a thousand dollars worth When it was dirt cheap.
Posted on 1/31/26 at 8:43 am to bhtigerfan
It is 100% a pyramid scheme. It has zero intrinsic value. I will never buy it now. But I also wish I would have bought $100 worth in 2010 when I first heard of it.
Posted on 1/31/26 at 8:57 am to John somers
quote:
Bitcoin's success is predicated on other people buying in and hoping somebody will buy it for more than them someday
So, like stocks.
No, and your fundamental ignorance of why stocks have value makes me disinclined to care about responding to anything else in your post. You are exactly the sort of owner-de facto-marketing agent the original X post is talking about.
Posted on 1/31/26 at 9:20 am to Huey Lewis
Every single person who buys a stock hopes somebody will buy it for more than them someday.
Every single one. So you're wrong.
Convenient, as everything I wrote is true and correct. You're simply ignorant of the subject. Which is why you posted such asinine things.
Every single one. So you're wrong.
quote:
...responding to anything else in your post
Convenient, as everything I wrote is true and correct. You're simply ignorant of the subject. Which is why you posted such asinine things.
This post was edited on 1/31/26 at 9:21 am
Posted on 1/31/26 at 2:10 pm to ole man
quote:
if you cant convert it to dollars what good is it to you?
lol you can. what do you think is happening when the price goes up down? People are buying and selling.
wtf
quote:
serious question
not really
quote:
I will never buy it now. But I also wish I would have bought $100 worth in 2010 when I first heard of it.
This post was edited on 1/31/26 at 2:12 pm
Posted on 1/31/26 at 2:39 pm to bhtigerfan
Bitcoin is a fomo trade
It’s too volatile to be a currency
It’s too volatile to be a currency
Posted on 1/31/26 at 3:26 pm to EasterEgg
You're gonna have the same feeling when it hit' a million.
Posted on 1/31/26 at 5:13 pm to Root_User
quote:
Educate yourself. This is mostly wrong.
It’s crazy how dumb people are in this thread. At least learn some basics before trying to discuss it.
What do you get in exchange for selling Bitcoin? Serious question.
Posted on 1/31/26 at 8:00 pm to John somers
quote:
Every single person who buys a stock hopes somebody will buy it for more than them someday.
Every single one. So you're wrong.
The underlying purpose of buying partial ownership of a company is that the company's current or future success and profitability will pay off for the owners. If the company remains successful and especially if its ability to generate profit grows over time, then the market value of the partial ownership increases. This is a pretty simple concept and you should probably understand it before giving people investment advice.
Posted on 2/1/26 at 12:20 am to SlidellCajun
Bitcoin is not currency. You can trade it for currency, and it's cheaper usually than doing that for credit with banks. Every time normally. By a lot.
You can move billions for a pittance. And nobody doubts the transaction. That's what these luddites aren't grasping. This cut 3% out of the credit industry fees. Takes them completely out.
So yeah, they've got the propaganda working on the people who don't have any education in blockchain or bitcoin. Both are necessary.
I like Saylor's description of it as real estate. There's only going to ever be 21 million bitcoin. If you can't grasp why that's important, you deserve to miss it.
You can move billions for a pittance. And nobody doubts the transaction. That's what these luddites aren't grasping. This cut 3% out of the credit industry fees. Takes them completely out.
So yeah, they've got the propaganda working on the people who don't have any education in blockchain or bitcoin. Both are necessary.
I like Saylor's description of it as real estate. There's only going to ever be 21 million bitcoin. If you can't grasp why that's important, you deserve to miss it.
Posted on 2/1/26 at 12:29 am to Captain Rumbeard
Moving money cheaply doesn’t make something money, and it definitely doesn’t give it intrinsic value. Western Union moves money too — no one calls it digital real estate.
Scarcity isn’t magic. It only matters if there’s non-speculative demand. Bitcoin doesn’t produce income, doesn’t grant control of anything, and doesn’t have consumption value.
The “education” argument is just a tell that the case isn’t self-evident. Truly valuable assets don’t require evangelism.
Scarcity isn’t magic. It only matters if there’s non-speculative demand. Bitcoin doesn’t produce income, doesn’t grant control of anything, and doesn’t have consumption value.
The “education” argument is just a tell that the case isn’t self-evident. Truly valuable assets don’t require evangelism.
Posted on 2/1/26 at 3:29 am to KCRoyalBlue
quote:
What do you get in exchange for selling Bitcoin?
Money, duh.
quote:
Serious question.
quote:
The underlying purpose of buying hurr durr
Every single person who buys a stock hopes somebody will buy it for more than them someday.
Every single one. So you're wrong.
quote:
There's only going to ever be 21 million bitcoin. If you can't grasp why that's important, you deserve to miss it.
exactly
quote:
Intrinsic value
My fave intrinsic value of bitcoin is that no one can stop me from sending any / receiving any to/from anyone I want.
Posted on 2/1/26 at 4:10 am to bhtigerfan
Boomer take bro.
Posted on 2/1/26 at 7:18 am to John somers
who/and where converts it to cash?
Posted on 2/1/26 at 8:30 am to John somers
quote:That’s not intrinsic value — that’s a feature.
My fave intrinsic value of bitcoin is that no one can stop me from sending any / receiving any to/from anyone I want.
The ability to transact without permission is useful, but usefulness doesn’t equal value as an asset. It explains how Bitcoin can be used, not why it’s worth what it’s worth.
Posted on 2/1/26 at 8:35 am to Captain Rumbeard
quote:
There's only going to ever be 21 million bitcoin. If you can't grasp why that's important, you deserve to miss it.
Bitcoin’s supply is infinite, if you can’t grasp that then you deserve to be bagged by it.
Posted on 2/1/26 at 8:39 am to wutangfinancial
It's infinite because it's made up like fairy dust. But if you get in and make some money who cares
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