HODL til 2024 Crypto Bull Run

[Smoofers]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Hard pass, and filed next to Shiba, Doge, and the like.

Once again. Money or Tech. Bitcoin is money. Ethereum and other altcoins are trying to be tech.

Money leads to dominance. Tech leads to competition.

If you are an investor/holder, you want dominance.

In a similar line of thinking, proof-of-stake projects can be displaced just as quickly as they arise. A legitimate (read: not doge, not shiba) fair launch proo-of-work coin, like Bitcoin, Ravencoin, etc. will always have a strong foundation.

Note: Ravencoin is a tech play too, also risk due to competition.

"Rome will never fall"

[Jibartik]

guy makes 5000% in 6 months, btc holder "I own 1/100th of a bitcoin no thanks!"

[Everpest]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Bitcoin is money.

No it's not. Bitcoin has no inherent value. Its utility lies in anonymity... and if anonymity is not important to you, it has no advantage versus other financial channels - with a ton of downsides. It is a close-ended tech that will come to an end - because it has to. The interesting thing to watch will be how big the bubble gets before it pops.

Remember - to make $1.00 in bitcoin means someone else spent $1.01.

I'm not bashing the tech, and I'm not wishing disaster on anyone holding it. But there are a lot of people who don't understand what it is. When I hear things like "bitcoin is money" it makes me wonder what percent of people are buying the tech... versus what percent are buying the hype.

As crypto tech matures, it continues to get sliced into finer and finer slices - with nuanced pros and cons with each execution. I'm not talking about the joke crypto networks - but the real honest to goodness blockchain systems. The promise of the tech underlying Bitcoin will be around a lot longer than Bitcoin... and the value won't be in securing financial transactions (since there are already parallel systems that do the same thing without anonymity). No one really knows all of the possible applications of utility - and anyone who claims to is lying. But unless you understand how you can use Ethereum to secure the distribution channel of a case of asparagus, you are missing the big picture.

[Whale biologist]

Fate is not written: El Salvador plans ‘bitcoin city’ powered by volcano

El Salvador’s president has said the Central American country plans to build a volcano-powered “bitcoin city” financed partly by an issue of $1bn in sovereign bonds backed by the cryptocurrency.
President Nayib Bukele said the city would have no property, income or capital gains taxes. Its infrastructure and other costs will be funded by a sales tax and money raised by the bond issues.

The extremely popular Bukele — a former mayor of the capital San Salvador — has enjoyed approval ratings of more than 80%. But the authoritarian leader has moved to consolidate power by firing all judges more than 60 years old, and replacing five judges in the Supreme Court’s constitutional chamber.

[Whale biologist]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Bitcoin is money.

[Castle2.0]

We can do math and charts.

Or we can do 'burn videos' from social media.

Bitcoin wins on both [You must be logged in to view images. Log in or Register.]

Bernanke = loser. Just like Yellen and the rest of their ilk.

[Castle2.0]

Oh, and Rome wasn't a decentralized energy network, like bitcoin, or a somewhat decentralized information network, like the internet.

Bitcoin has a similar likelihood of failing as the internet. Not bitcoin nor the internet are nation states.

But cute, misapplied reference.

Fiat is Rome. Bitcoin is freedom.

Bitcoin is the internet of money. Fiat will always stick around, just like the papers, but will have their powerbase totally thwarted by the interwebz.

"Newspapers will never fall."
"Network television will never fall."
"Magazines will never fall."
"Fiat will never fall."

Hello internet + bitcoin.

[Whale biologist]

As of July 2017, bitcoin’s market capitalization was USD $35 billion, compared to the U.S. dollar’s $64 trillion.

Tromp's alma mater, yo.

[Castle2.0]

I read to part-way page 3. This writer, in regards to his understanding of bitcoin and blockchain tech, is an idiot. It's also outdated.

I don't have time tonight to pick this one apart. Too many fallacies, strawmen, and just plain ignorance. But I did skip to the end and you can see his conclusions are also silly.

This paper was written by William Wu, a Knowledge@Wharton
student fellow in 2017. He is a recent college graduate and is
now working towards obtaining his real estate license.

Do you even read the BS you pass along or just the "forward email" boomer instinct kicking in?

From $35B to $1T asset. Noice!

[Jibartik]

So far black friday headlines be like

Black Friday lines small to non existent as consumers prefer online shopping this year.

then when the online sales numbers were not up either we slide to

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

Im thinking another dip instead of rebound in the market Monday