BITCOIN

Michael121

Why I Don't Let Emotions Get In The Way of Business | Short - YouTube

Oops posted the wrong vid

750k in the hole and doesn't care one bit. He is now betting on what you lot would call !!!!!! coins alongside some BTC and stable coins.

As an old poker saying goes to rich to fold, this lot don't care if crypto goes to zero, it is pocket change to them.

Merry Christmas!!

lozzy1965

Michael121 said:

Why I Don't Let Emotions Get In The Way of Business | Short - YouTube

Oops posted the wrong vid

750k in the hole and doesn't care one bit. He is now betting on what you lot would call !!!!!! coins alongside some BTC and stable coins.

As an old poker saying goes to rich to fold, this lot don't care if crypto goes to zero, it is pocket change to them.

Merry Christmas!!

Ha ha I caught the first vid.  I liked that one

Merry Christmas to ALL who post here, very interesting discussions on both sides and lots of help given out too.  Now if you'll excuse me I need to go and get some cash out of a machine for Christmas

Zola.

lozzy1965 said:

I chose not to be one of the 'old farts' zola was referring to   though I almost certainly fit the bill on the age front!  I hope I am pretty open minded for my age.
The carbon footprint is an issue for Bitcoin.  I stand corrected on the 'hacked' comment.
I assume blockchain will be able to offer mortgages and loans but Bitcoin can't.
There's a reason the old vampire banks are slow.  It's because they have many millions of customers and much regulation to adhere to.  Yes they have legacy systems built on old technology, funnily enough though, once you start to use things in anger, we have found that the old technology is the most reliable.

The carbon footprint / ESG argument potentially but that is mostly FUD that has been debunked a lot. See these:

https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume
https://blog.trezor.io/three-myths-about-bitcoins-energy-consumption-ef613a1f3d5
https://docsend.com/view/adwmdeeyfvqwecj2

You can argue Christmas tree lights are a massive waste of energy, watching the Kardashians on tv etc. Youtube emits many times more carbon emissions than Bitcoin ever will, yet it provides value so it can remain. Bitcoin is no different. 

On blockchain and mortgages etc, this is wrong. We can also say that using a blockchain to run a mortgage is a bit like using a hammer to squash a grape, there are more efficient ways to do such things, like existing tech as you say, a simple bank account.. although smart contracts could play a role. Bitcoin is being extended daily, it can be developed to do anything that any of the altcoins do. You can think of any of the altcoins as a testing ground for features that can be brought into Bitcoin. 

https://unchained.com/blog/bitcoin-not-blockchain/ 

Zola.

lozzy1965 said:

Michael121 said:

Why I Don't Let Emotions Get In The Way of Business | Short - YouTube

Oops posted the wrong vid

750k in the hole and doesn't care one bit. He is now betting on what you lot would call !!!!!! coins alongside some BTC and stable coins.

As an old poker saying goes to rich to fold, this lot don't care if crypto goes to zero, it is pocket change to them.

Merry Christmas!!

Ha ha I caught the first vid.  I liked that one

Merry Christmas to ALL who post here, very interesting discussions on both sides and lots of help given out too.  Now if you'll excuse me I need to go and get some cash out of a machine for Christmas

Agreed, for the most part, it can be a good discussion, although a lot of the same points keep getting made on both sides. I think this will be an epic thread to look back on in around 2025/6, especially after the next halving. I hope MSE doesn't burn this thread... I am sure there will be lots to discuss between now and then and if we keep it going it'll be funny to see how opinions change...

Have a nice Christmas all !!
Not too early to open a bottle of red is it?

Section62

Zola. said:

If you say so. Those who argue against bitcoin the most are typically the older generation who are set in their  ways and don't like technological change. 

Ps i genuinely don't care to convince anyone nor do i intend to offend. Just stating my no filter opinion. 

Merry Christmas 

How do you know? Particularly on a forum like this where there is no indication of how old individual posters are?

All you have to go on is what they write.

It's also a myth that the 'older generation' don't like technological change.  Some older people don't like change, just as some younger people don't either.  These 'older' people have lived through and embraced technological change every bit as challenging as technologies such as crypto.

Bros who resort to dismissing other people's views on the basis of ageism don't do their case any good.

Zola.

Section62 said:

Zola. said:

If you say so. Those who argue against bitcoin the most are typically the older generation who are set in their  ways and don't like technological change. 

Ps i genuinely don't care to convince anyone nor do i intend to offend. Just stating my no filter opinion. 

Merry Christmas 

How do you know? Particularly on a forum like this where there is no indication of how old individual posters are?

All you have to go on is what they write.

It's also a myth that the 'older generation' don't like technological change.  Some older people don't like change, just as some younger people don't either.  These 'older' people have lived through and embraced technological change every bit as challenging as technologies such as crypto.

Bros who resort to dismissing other people's views on the basis of ageism don't do their case any good.

If you watch any of the vocal anti-Bitcoin debates on Youtube etc, the vast majority of them are 60+... old bankers, politicians, gold bugs etc. Mostly the ones who shout the loudest have something to lose. Like many of the politicians who are in bed with the banks etc. 

I am not ageist in the slightest by the way  - there are many people who do understand it and see the value also. 

Section62

adindas said:

Section62 said:

However, your argument is effectively that we should believe people like you copy/pasting pro-crypto information, but ignore anything else.  Can you not see the problem with that?

Sorry, but when did I ever ask people to believe me, any link? In fact, in many of my posts, I have said this. “Do your own DDs”.

When you post on this forum it is implicit that you are expecting people to believe you... unless the post is clearly intended as humour rather than fact.

In any case, I said "people like you", since you aren't the only one posting pro-crypto information.

But that doesn't alter the apparent flaw in your logic.

Section62

Zola. said:

If you watch any of the vocal anti-Bitcoin debates on Youtube etc, the vast majority of them are 60+... old bankers, politicians, gold bugs etc. Mostly the ones who shout the loudest have something to lose. Like many of the politicians who are in bed with the banks etc. 

I'd suggest that may well reflect the self-selection amongst people with the desire to rant on Youtube etc, rather than a true distribution of people's views on crypto distributed across different age groups.  We'd need a more robust methodology to find out for sure.

There's also a difference between people who are "set in their ways and don't like technological change" and people who "have something to lose".  E.g. being invested in old tech is a reason to do crypto down, but it doesn't automatically go hand in hand with not liking technological change.

bugbyte_2

Happy Christmas!

Genuine question - If cost and speed of transaction are a plus for bitcoin as implied by the comments about vampire banks, how come it has cost between $1.78 and $62 for each transaction this year? Secondly, if Bitcoin is adapted as  everyone's go to currency, will it have to have the same anti money laundering checks which society deem necessary?

Scottex99

lozzy1965 said:

Yes, a bit of a nonsensical statement in my opinion.  The 'value' of all money is zero if it hasn't been accepted as a method of payment for goods and services!  It's the acceptance that gives it value.  It's another argument as to whether bitcoin (as this is what this thread is about) will become accepted enough to have true value.
EDIT:  Scottex - It's true to say we don't know Bitcoin's value yet surely?

No we don't know. I have no clue in the short term either. If I did I'd be selling every top and buying every dip on 100x leverage and have many islands already.

I think you can make some good valid points for long term plays though, all of them have been made here a few times. I'll be long for years now for sure.

Inflation hedge, hard money, control your own wealth etc etc