BITCOIN

Scottex99

Michael121 said:

Scottex99 said:

Or it's both reasons...plus a few others! 

Let's see how long it takes to really break down The Great Wall of $40k first

What other reasons do you have in mind?

79 pages of it here already. Inflation hedge and increased long term value as you said. Able to store and transfer value with no barriers, if I've got my seed phrase stored in my head I can literally travel all round the world with potential massive sums in my brain.

Imo it's the flagship of a paradigm shift in finance and many other industries. ETH is coming next and DeFi with that. 

Have said here many times before that BTC is going to $100k, let's see how long it takes.

tranquility1

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

adindas

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on  26 July at 12:20PM and 27 July at 6:31PM  on this thread ??

Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???

Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

tranquility1

adindas said:

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on  26 July at 12:20PM and 27 July at 6:31PM  on this thread ??

Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???

Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

I don't believe that billionaires "store their wealth" in Bitcoin.  Or any particular asset class, for that matter.

Their wealth will be spread far and wide.

Scottex99

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

Tulip boom lasted about 4 years max. There's crypto exchanges out there older than that never mind BTC itself.

Number go up too much, is that the reasoning?

mooneysaver

Scottex99 said:

Have said here many times before that BTC is going to $100k, let's see how long it takes.

I thought it was the end of the year? Careful not to hurt yourself, those goalposts are heavy.

Scottex99

Lol, I’ll come back and apologise when it happens in Feb.

Doesn’t matter when, long term it’s UpOnly. One of the best YouTube channels actually for those that are pro financial democracy 

adindas

tranquility1 said:

adindas said:

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on  26 July at 12:20PM and 27 July at 6:31PM  on this thread ??

Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???

Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

I don't believe that billionaires "store their wealth" in Bitcoin.  Or any particular asset class, for that matter.

Their wealth will be spread far and wide.

Well, you are free of what you want to believe and not to believe.

But it is higly insensible and it is an insult to these billionaires:

To ever think that they do not know diversification

They do not understand the importance of diversification in various asset.

Michael121

adindas said:

tranquility1 said:

adindas said:

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on  26 July at 12:20PM and 27 July at 6:31PM  on this thread ??

Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???

Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

I don't believe that billionaires "store their wealth" in Bitcoin.  Or any particular asset class, for that matter.

Their wealth will be spread far and wide.

Well, you are free of what you want to believe and not to believe.

But it is higly insensible and it is an insult to these billionaires:

To ever think that they do not know diversification

They do not understand the importance of diversification in various asset classes.

If you were a billionaire obviously you would own a bit of as much as you can unless you were stone cold sure something wasn't worthy of your hard earned cash. So when someone like WB and munger say bitcoin is trash that says a lot more to me. 

Personally i hope BTC goes well for you, but i just don't see what's all the fuss with it when banks are in the process of making digital currency themselves. 

@Scott

Not sure what world i would have to be living in to need to be able to carry my net worth around in my head. Even if their was such a time when i would need that its digital, it can easily be lost, either by forgetting your pass or maybe i just have no access to the net or a gun to my head. Its just complete nonsense to need to be able to do that.

Either BTC is the new gold or world currencies get hyper inflated and BTC/crypto at least maintains its worth, it goes sideway/down or becomes worthless. Maybe its a coinflip and i should take a punt on it but definitely isn't worthy of a huge amounts of my money.

adindas

Michael121 said:

adindas said:

tranquility1 said:

adindas said:

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on  26 July at 12:20PM and 27 July at 6:31PM  on this thread ??

Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???

Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

I don't believe that billionaires "store their wealth" in Bitcoin.  Or any particular asset class, for that matter.

Their wealth will be spread far and wide.

Well, you are free of what you want to believe and not to believe.

But it is higly insensible and it is an insult to these billionaires:

To ever think that they do not know diversification

They do not understand the importance of diversification in various asset classes.

If you were a billionaire obviously you would own a bit of as much as you can unless you were stone cold sure something wasn't worthy of your hard earned cash. So when someone like WB and munger say bitcoin is trash that says a lot more to me. 

Personally i hope BTC goes well for you, but i just don't see what's all the fuss with it when banks are in the process of making digital currency themselves. 

@Scott

Not sure what world i would have to be living in to need to be able to carry my net worth around in my head. Even if their was such a time when i would need that its digital, it can easily be lost, either by forgetting your pass or maybe i just have no access to the net or a gun to my head. Its just complete nonsense to need to be able to do that.

Either BTC is the new gold or world currencies get hyper inflated and BTC/crypto at least maintains its worth, it goes sideway/down or becomes worthless. Maybe its a coinflip and i should take a punt on it but definitely isn't worthy of a huge amounts of my money.

Warren Buffet & Charlie Munger are too old to understand the AI, Block Chain, Genesis Technologies, Genomic Revolution and disruptive innovation and Technologies in order to appreciate them. But you should not be expecting your grandpas to understand or to have interest on this sort of things.

Just look at how they sold their Airlines, Banking Stocks During the COVID pandemic and how many billions money did they lose. Did they get it right ?? Just look at how their funds are performing now ??

These people Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Mark Zuckeberg, Jeff Bezos are among many others are billionaires but also have interest and understand very well of what Bitcoin, Alt Coins could do and potential could do in the future.