Bitcoin

bowlhead99

theothersaver said:

How is this thread still going? It's pretty clear most people will never take it seriously, yet the cultists are still pushing it and embarrassing the minority of sensible bitcoin investors.

Perhaps both your 'cultists' and  your 'minority of sensible bitcoin investors' who were buying it at $3 or $30 or $300 or $3000 a coin do believe that some are taking it more seriously now, having observed the institutional interest representing $billions and a price of over $30,000. 

BananaRepublic

bowlhead99 said:

theothersaver said:

How is this thread still going? It's pretty clear most people will never take it seriously, yet the cultists are still pushing it and embarrassing the minority of sensible bitcoin investors.

Perhaps both your 'cultists' and  your 'minority of sensible bitcoin investors' who were buying it at $3 or $30 or $300 or $3000 a coin do believe that some are taking it more seriously now, having observed the institutional interest representing $billions and a price of over $30,000. 

Clearly it is being taken seriously by significant players, but what is it? That was a rhetorical question, by the way. 

bowlhead99

bowlhead99 said:

theothersaver said:

How is this thread still going? It's pretty clear most people will never take it seriously, yet the cultists are still pushing it and embarrassing the minority of sensible bitcoin investors.

Perhaps both your 'cultists' and  your 'minority of sensible bitcoin investors' who were buying it at $3 or $30 or $300 or $3000 a coin do believe that some are taking it more seriously now, having observed the institutional interest representing $billions and a price of over $30,000. 

theothersaver said:

There are cultists who talk about returns that require bitcoin to overtake gold, or the world's supply of wealth of around $400tn according to the Credit Suisse Global Wealth Report.
Also your post contains appeal to authority, appeal to the masses, and "past performance is an indicator of future returns" fallacies.

Edit: your seething passive aggressive sarcasm is getting boring.

Your post to which I responded, noted that there are sensible bitcoin investors who are embarrassed by cultists. That sounds like it's probably similar to a situation where there are plenty of sensible Apple or Tesla investors who are embarrassed by fanboy/cult investors who make bold claims to talk up the stock into which they have piled. The 'sensible' investors probably wish the cultists would take their hype and go away, even though they are benefitting in the short term from the flurry of purchasing activity which pushes the price temporarily higher.

Your opinion was that Bitcoin will never be taken seriously; my observation was that some with deep pockets are starting to support it (such as the well known institutions with trillions of AUM who are establishing divisions with billions of AUM in the crypto services space and launching investment products around it) - and that this might go some way to explain why those cultists who have seen it go from $30 to $30,000 are still 'pushing it'.

That seems a simple and harmless observation, yet your overblown response to my single-sentence reply is to accuse it of containing three separate types of fallacy as well as being an example of 'boring', 'seething', passive aggressive sarcasm.  

It certainly didn't contain any "past performance is an indicator of future returns" fallacy as I made no claim that one could expect a 10x, 100x or 1000x return from here. You should probably stop lashing out at others over simple differences of opinion.

onomatopoeia99

Oh dear, seems their latest account has been expunged 

HansOndabush

BananaRepublic said:

bowlhead99 said:

theothersaver said:

How is this thread still going? It's pretty clear most people will never take it seriously, yet the cultists are still pushing it and embarrassing the minority of sensible bitcoin investors.

Perhaps both your 'cultists' and  your 'minority of sensible bitcoin investors' who were buying it at $3 or $30 or $300 or $3000 a coin do believe that some are taking it more seriously now, having observed the institutional interest representing $billions and a price of over $30,000. 

Clearly it is being taken seriously by significant players, but what is it? That was a rhetorical question, by the way. 

If you are a tech-savvy, smart, in-the-know investor then it is the next world currency, a store of value, digital gold; will make you rich. If you are a normal person then pah, it's just a hexadecimal number; nothing to see here.

BananaRepublic

HansOndabush said:

BananaRepublic said:

bowlhead99 said:

theothersaver said:

How is this thread still going? It's pretty clear most people will never take it seriously, yet the cultists are still pushing it and embarrassing the minority of sensible bitcoin investors.

Perhaps both your 'cultists' and  your 'minority of sensible bitcoin investors' who were buying it at $3 or $30 or $300 or $3000 a coin do believe that some are taking it more seriously now, having observed the institutional interest representing $billions and a price of over $30,000. 

Clearly it is being taken seriously by significant players, but what is it? That was a rhetorical question, by the way. 

If you are a tech-savvy, smart, in-the-know investor then it is the next world currency, a store of value, digital gold; will make you rich. If you are a normal person then pah, it's just a hexadecimal number; nothing to see here.

It reminds me of the story of the blind men and the elephant. One feels the trunk and says it is a snake. Another one feels the leg and says it’s a tree trunk. And so on. 

Ash_Pole

I've steered clear of crypto thus far, except for creating a Blockchain wallet in 2014 and then not funding it   

However I'm thinking at some point this year of putting something in. I don't see it going away any time soon.

Does anyone have a recommendation for the most secure platform to get involved? I'm been around long enough to remember Mt.Gox amongst others and want to mitigate platform risk as much as possible

I don't want to debate whether this is a good idea or not, I'm fully aware of the risks.

[Deleted User]

Ash_Pole said:

I've steered clear of crypto thus far, except for creating a Blockchain wallet in 2014 and then not funding it   

However I'm thinking at some point this year of putting something in. I don't see it going away any time soon.

Does anyone have a recommendation for the most secure platform to get involved? I'm been around long enough to remember Mt.Gox amongst others and want to mitigate platform risk as much as possible

I don't want to debate whether this is a good idea or not, I'm fully aware of the risks.

Bina nce (remove the space, this forum censors their name? lol), one of the biggest exchanges in the world, instant £ withdrawals and deposits, very cheap, registered in Malta

Coinbase, most popular among newbies, very expensive, US based, their sister page Coinbase Pro is a bit cheaper but still more expensive than Bina nce

There is many more well established companies who been there for ages, like Bitstamp or Kraken.

I strongly suggest to avoid small exchanges, less known entities.

[Deleted User]

Bitcoin just hit $50k, another all time high record.

Bitcoin is the only hard money available next to gold and silver. Unfortunately, metals can be and are manipulated and diluted with paper contracts, to some degree. When you buy metal ETF, you just buy paper behind which there is no physical metal, as it all been already allocated.

Bitcoin can't be manipulated, it's decentralized and censorship resistant, without single point of failure. There are only 2.37M bitcoins left to be mined worldwide and miners are extracting 900 coins per day and this rate will slowdown with time, it will never increase. That's $45 million in today's prices. Tesla alone, single handedly, bought $1.5 billion of it recently. That's the problem with hard money, you can't print unlimited amount of it.

Governments are printing money like crazy. Our buying power and wealth are being destroyed. I was saying that for years, and on this forum I was laughed at.

Well, no one is laughing now. Especially those in denial who will be left behind with nothing. 👋👋👋

Retireby40

[Deleted User] said:

Bitcoin just hit $50k, another all time high record.

Bitcoin is the only hard money available next to gold and silver. Unfortunately, metals can be and are manipulated and diluted with paper contracts, to some degree. When you buy metal ETF, you just buy paper behind which there is no physical metal, as it all been already allocated.

Bitcoin can't be manipulated, it's decentralized and censorship resistant, without single point of failure. There are only 2.37M bitcoins left to be mined worldwide and miners are extracting 900 coins per day and this rate will slowdown with time, it will never increase. That's $45 million in today's prices. Tesla alone, single handedly, bought $1.5 billion of it recently. That's the problem with hard money, you can't print unlimited amount of it.

Governments are printing money like crazy. Our buying power and wealth is being destroyed. I was saying that for years, and on this forum I was laughed at.

Well, no one is laughing now. Especially those in denial who will be left behind with nothing. 👋👋👋

So you're a millionaire now based on all the bitcoin you have bought?