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Elon Musk or not, just enjoy the price increase. It maybe just a coincidence. Although it's not surprising if a well know in this industry makes a statement has impact especially they are tagging him as the the real Satoshi, that's kinda funny for me. They've jump into conclusion that quick. I don't care much about the real identity of Satoshi simply because I respect he wants to keep his identity anonymous for the whole time. That makes me stop on intriguing on who is Satoshi.
People should enjoy the price increase, but they also wish to know what causing this price increase! If they know what is causing it maybe next time they can predict it and take advantage of it. For every increase, there are many factors that contribute. Elon Musk is a cryptocurrency fun like many other billionaires are and if they decide to invest a lot of money in Bitcoin they will affect the price in a positive way. This. Hakuna Matata. Enjoy the increase and surrender to trying to understand the market. |
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What are your top 10 stocks? I saw five good ones in this video: https://www.youtube.com/watch?v=5b_09iD229U&t=0sGuy seems to make sense. I would add Tesla (I don't think it's going below $300 again), Sony (PS5 launch will be big), Apple and Walmart. Thoughts??? |
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Mark cuban only knows basketball and tv entertainment. don't listen to him.
Master investor says that Bitcoin is only worth what people will pay for it. What a joke. His first sentence proves that he's a clown. Every now and then somebody invests money and gets lucky. It doesn't make him a good investor. Cuban had some good investments but he's got no knowledge and he likes to talk about things he don't understand which makes him a laughing stock. I mean, someone doesn't get to the point where Cuban is just on dumb luck. He may have gotten lucky, sure, but he's still a great businessman. He is just a little deceived when it comes to crypto imo. |
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HAHAHA. they're both funny. I liked his response. quite on point. although gold is used more than in dentistry and jewlery. tech devices use gold too. gold has more intrinsic value than bitcoin imo
Gold's uses don't match up in quality with bitcoin's biggest use case: transfer wealth at a cheap cost anytime anyday. you can't do this with gold. and golden teeth or shiny objects don't match this. |
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HAHAHA. they're both funny. I liked his response. quite on point. although gold is used more than in dentistry and jewlery. tech devices use gold too. gold has more intrinsic value than bitcoin imo
completely disagree with you on that one... gold doesn't have a single use case that can beat Bitcoin's transfer of wealth. |
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Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade: https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/
I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse. My top events: 2008: First whitepaper comes out by this random guy named Satoshi Nakamoto 2011: First big competitors such as Litecoin start to emerge 2013: First BTC ATM launches in a coffeeshop in Canada 2016: Steam videogame platform starts to accept BTC 2017: Bitcoin hits $19K. What are your top/low moments??  |
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I don't want to open up another gold vs bitcoin thread.
Then don't. Lock this thread. Go post your link and thoughts in one of the thousands of other Gold vs Bitcoin threads that already exist. If you don't want to open up another gold vs bitcoin, then why did you? Because this is NOT just another gold vs bitcoin, boss. I'm approaching the subject from a new perspective. Smile son - the world is beautiful. |
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I think in a recession Bitcoin will be a genuinely hopeless 'safe harbour'.
Most people will run for the exits faster than their little feet can carry them. Of course the true believers won't but they're rather heavily outnumbered.
But I doubt we've seen an end to the financial tricks played to keep the plates spinning. If Bitcoin keeps going for a few more years of relative peace its perception may change and be in a stronger position when it happens.
As for USD dying, we've only been hearing that for the last 4-5 decades yet there it still is.
You don't think the massive debt burden will make the USD bubble pop eventually? |
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I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/Thoughts? I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now. |
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That is why we happily keep buying and investing BTC to make even more money from it. However, if enough people repeat bitcoin is digital gold, maybe it'll come true? i think Bitcoin is about as close to gold as rai stones are close to gold. It's not a goddamn store of value, stop regurgitating that shit. i would to say him that gold is a commodity but Bitcoin is a currency. You don't have a digital commodity. A commodity that we know can be easily manipulated. You have a encrypted, peer to peer, decentralized digital currency. Saying bitcoin is digital gold gives everyone who has no idea what bitcoin is wrong.
If it's not a digital commodity, considering its high volatility... would you agree with me that it's a very poor currency? |
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He's anti bitcoin. He's basically saying it's useless as a payment processor and that's why he is proposing Libra. He says it's an ineffcieint currency - but he sees value behind it nevertheless |
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