BITCOIN

tebbins

Thrugelmir said:

Zola. said:

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

I
Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Investors should never become emotionally attached to their investments. More often or not it comes back at some point to bite them hard. 

One of Peter Lynch's 10 mistakes, "the stock doesn't know you own it".

Aegis

Zola. said:

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

It sounds like you haven't actually done any proper research but are commenting anyway. If you spent a few hours you would learn the value proposition and the point of Bitcoin (although you need to actually study it).

Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Oh wait, let me try...

It sounds like you've done no proper research but have instead just jumped on board the bandwagon blindly.  If you spent a few hours you would also question the lack of a value proposition and would struggle to find the point of bitcoin just like I have.

Yes, dogecoin was literally created as a complete joke, and from there it took off.  Future changes in value are, however, based on where it is now and don't care at all where it came from.  As such, the only meaningful comparison you can make is between two tokens that do more or less the exact same thing.  Bitcoin offers nothing more than dogecoin, which you've already said was made as a joke.

Next time try to actually make a point rather than just insulting me and assuming that this would somehow make your point for you.

Zola.

I have known about bitcoin for years. In the last few months alone I have read approx 10 books around the subject and in-depth right on the subject. I have also read countless long-form articles, as well as listened to hundreds of hours of long-form podcasts, often featuring some of the best investors on this planet. So I think I am well versed in bitcoin. 

The fact that you do not seem to be able to grasp the value proposition is a clear demonstration that you have not looked into it deeply.

Zola.

Thrugelmir said:

Zola. said:

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

I
Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Investors should never become emotionally attached to their investments. More often or not it comes back at some point to bite them hard. 

Bitcoin most likely will crash hard again no doubt, that's par for the course, and is a good time to scoop up on a discount. 

There is no emotion here, I just think it's a good investment vehicle as part of a well-diversified portfolio.. and most other "cryptos" need to be called out for what they are. 

Cus

Thrugelmir said:

Zola. said:

Aegis said:

Zola. said:

Aegis said:

Zola. said:

Not that I want to talk about !!!!!! coins in a bitcoin thread... but stupid meme dog coins are what's damaging to the likes of bitcoin as its all seen as "risky gambling crypto". People will get rekt when they jump into that mess and the rug is pulled from under them... and they deserve it. 

I genuinely can't see any way to interpret your comments that wouldn't apply equally to bitcoin.

If by this stage, that you cannot clearly see that Bitcoin is vastly different from the other 9000 odd "cryptocurrencies", (which are mostly extremely poor copycats and are not actually decentralised),  with sovereign wealth funds, wall street ETFs, pension funds, massive corporations, and banks all flocking into bitcoin (and not all the other crap) then I do not know what to say other than maybe you should do some research?

That's all I ever get told, as though the research I have done has been utterly worthless.  My point is that you can apply literally every criticism of dogecoin against bitcoin with exactly the same validity, the only difference is that bitcoin is seen as more legitimate by more people for some reason, perhaps because it was the original.  I don't personally see any benefit to owning bitcoin vs dogecoin or other tokens, and as a result I will continue to stay well clear of crypto assets.

I
Doge was literally born from a p1ss-take (the creator has said so itself), and it is the antithesis of bitcoin in just about every way.

So no, you cannot possibly compare the two and your comments just show your ignorance of this topic. 

Investors should never become emotionally attached to their investments. More often or not it comes back at some point to bite them hard. 

I think it's very difficult to not have an emotional involvement.  For example one might not buy tobacco or oil stocks, or they do buy biotech or electric car stocks etc etc.

Aegis

Zola. said:

I have known about bitcoin for years. In the last few months alone I have read approx 10 books around the subject and in-depth right on the subject. I have also read countless long-form articles, as well as listened to hundreds of hours of long-form podcasts, often featuring some of the best investors on this planet. So I think I am well versed in bitcoin. 

The fact that you do not seem to be able to grasp the value proposition is a clear demonstration that you have not looked into it deeply.

Then you should have no problem demonstrating the knowledge you have gained in such a way that a genuine information seeker can digest, naturally coming immediately to your point of view. So tell me, how do you value a bitcoin (by which I mean how do you work out whether the price you are being offered represents fair value for that token), and how is the method you use different when it comes to valuing a dogecoin, which you have implied is worthless.

For the record, I've known about bitcoin for longer than 10 years, have been working in financial services that whole time, have advised countless people on how to invest, and have seen scams rear their heads from time to time.  During that time I have sat investment exams to degree level and have headed up the research facility at one firm I worked at.  The idea that you can just handwave my legitimate experience away because I don't agree with you is laughable.

Aegis

Cus said:

I think it's very difficult to not have an emotional involvement.  For example one might not buy tobacco or oil stocks, or they do buy biotech or electric car stocks etc etc.

An ethical preference is a bit different to an emotional attachment to an investment, largely because the former should drive purchases while the second is a barrier to selling.  If you're an ethical investor who decides not to invest in, for example, arms, then you would never buy such companies and would automatically sell investments which moved in that direction.  If you became emotionally attached to an investment, you might find all sorts of reasons to retain the holding even when a purely objective view would tell you to sell.

Zola.

Aegis said:

Zola. said:

I have known about bitcoin for years. In the last few months alone I have read approx 10 books around the subject and in-depth right on the subject. I have also read countless long-form articles, as well as listened to hundreds of hours of long-form podcasts, often featuring some of the best investors on this planet. So I think I am well versed in bitcoin. 

The fact that you do not seem to be able to grasp the value proposition is a clear demonstration that you have not looked into it deeply.

Then you should have no problem demonstrating the knowledge you have gained in such a way that a genuine information seeker can digest, naturally coming immediately to your point of view. So tell me, how do you value a bitcoin (by which I mean how do you work out whether the price you are being offered represents fair value for that token), and how is the method you use different when it comes to valuing a dogecoin, which you have implied is worthless.

For the record, I've known about bitcoin for longer than 10 years, have been working in financial services that whole time, have advised countless people on how to invest, and have seen scams rear their heads from time to time.  During that time I have sat investment exams to degree level and have headed up the research facility at one firm I worked at.  The idea that you can just handwave my legitimate experience away because I don't agree with you is laughable.

Sorry if I pinched a nerve there. 

How do you value the world's first open monetary network (connecting billions of people without any bank access), on an incorruptible protocol with programmed digital scarcity, a $1TN market cap and average CAGR of almost 200%? Highly enough to invest.

Some say when you understand it you'll probably never be happy with how much you have. 

Unless you study Bitcoin to understand fundamentally how it actually works on a semi technical level, anything I say to you will not really resonate with you. 

The benefits have been covered many times in this thread. I put some concise bullets in this thread a few pages back. 
Here a simple website that debunks many of the lame arguments that come up, such as it " being a scam"
https://endthefud.org/

Have you read any books on the subject? If not I can recommend some. Curious to know if you remember what specifically you looked into and when and what your findings were. 

tebbins

Zola. said:

Aegis said:

Zola. said:

I have known about bitcoin for years. In the last few months alone I have read approx 10 books around the subject and in-depth right on the subject. I have also read countless long-form articles, as well as listened to hundreds of hours of long-form podcasts, often featuring some of the best investors on this planet. So I think I am well versed in bitcoin. 

The fact that you do not seem to be able to grasp the value proposition is a clear demonstration that you have not looked into it deeply.

Then you should have no problem demonstrating the knowledge you have gained in such a way that a genuine information seeker can digest, naturally coming immediately to your point of view. So tell me, how do you value a bitcoin (by which I mean how do you work out whether the price you are being offered represents fair value for that token), and how is the method you use different when it comes to valuing a dogecoin, which you have implied is worthless.

For the record, I've known about bitcoin for longer than 10 years, have been working in financial services that whole time, have advised countless people on how to invest, and have seen scams rear their heads from time to time.  During that time I have sat investment exams to degree level and have headed up the research facility at one firm I worked at.  The idea that you can just handwave my legitimate experience away because I don't agree with you is laughable.

Sorry if I pinched a nerve there. 

How do you value the world's first open monetary network (connecting billions of people without any bank access), on an incorruptible protocol with programmed digital scarcity and $1TN market cap?  Highly enough to invest.

You really don't get "how to value an investment proposition" do you?

Some say when you understand it you'll probably never be happy with how much you have. 

Unless you study Bitcoin to understand fundamentally how it actually works on a semi technical level, anything I say to you will not really resonate with you. 

The benefits have been covered many times in this thread. I put some concise bullets in this thread a few pages back. 
Here a simple website that debunks many of the lame arguments that come up, such as it " being a scam"
https://endthefud.org/

Have you read any books on the subject? If not I can recommend some. Curious to know if you remember what specifically you looked into and when and what your findings were. 

Mate, leave it, that last comment was a mic drop moment. You're being pwned like a heckler in a Steve Hofstetter video.

Zola.

Doubtful.