Posted on 02/28/2024 5:47:31 AM PST by Enlightened1
I think you missed my sarcasm.
I bought my first bunch of bitcoins in May 2013.
There are plenty of exchanges around that would gleefully give you $60k in cash for a bitcoin.
It would take about 1/2 second.
Ah I remember now.
Those who oppose know not why, but from their choices they will do or die;)
Did you see the article where it was reported Blackrock was telling their “private” clients to put 28% of their assets into BTC? That’s just nuts.
Nice....
Back in 2011 I had co worker trying to talk me into buying Bitcoin. At the time Bitcoin $3 a coin. I had a spare $5,000 I wanted to invest, and he told me to dump it into Bitcoin.
I did some research from the Wall Street Journal and other traditional investment places. They all said stay away from Bitcoin. It’s drug money, the silk road coin, and it could get you in to prison. So I was spooked by it.
I went back to my co-worker, and told him what I heard and he said it was crap.
Then when I asked him how much he paid for his Bitcoin on average, and he said he bought most of it for under $1. Every pay period he would though $100 at it. At the time, I said $3 a Bitcoin is too much.
I did ask him if he did not mine telling me how many coins he had purchased, and I remember it was like 25 or 30 thousand Bitcoins?
Then in 2014 he came by to say bye to me. I though he got laid off so I told hey I am sorry, and he said back I am not. So I though oh he got a new better paying job, and asked him about it. He told me he was retired, and age wise he was like in his late 20s/ early 30s. I laughed and said what did you invest in? He said remember Bitcoin?
I still ignored Bitcoin after that up until about the Summer of 2017 when it peaked my interest again. Been following it ever since.
How much are Tulips selling for nowadays?
Yes, there are a lot of stupid people trying to buy into get rich schemes. An astonishing number.
But the reality is that bit coins are worth nothing. They only have "value" because silly people pretend they do and are willing to part with real things to buy them.
Tiny bubbles
In the wine
Make me happy
Make me feel fine
... until the bubble bursts.
Yeah bitcoin is a lottery ticket, that’s why an etf was created based on it, Blackrock is buying it up and telling its investors to have 28% of their portfolio invested in bitcoin. Whatever it is, it not only has considerable monetary value but it’s being used against us to destroy our freedom.
It was about $3 when I started looking at it. It was a pain to buy at that time. You had to wire money to sketchy places. That was a big “no thanks.”
My first buy was $110.
My wife keeps telling me to stop thinking about what “could have been.”
I would have sold it at $10 if I got in at $3. LOL
Yes. Blackrock needs BTC to offset the coming writeoffs of assets in Ukraine. No one else is pushing over 1- 3% of profolioa or investment
It's the number 10 asset in the world today, above Berkshire Hathaway, Tesla, Walmart, JPMC, Visa, and MasterCard.
It may be number 8 by the end of the week, overtaking Facebook and silver.
You can say these things, but the real lack of value is in your words. Reality is at odds with your opinion.
Are you familiar with the great Tulip bubble?
"Reality" (meaning what large numbers of people wish to believe) was also at odds with the opinions of sane people at the time.
But guess who turned out to be right in the end?
Bit coins are worth nothing. They are just a vehicle for conning stupid "get rich quick" people.
Aha….I didn’t think of that.
following....
Of course. Bitcoin haters have been using that canard since at least 2017 when I first saw it, so you're about 7 years too late to appear clever or insightful.
It lasted about a year.
We're 15 years into the Bitcoin age, and nothing any hater has predicted has come to pass.
At what point will the ignorant crowd quit using this dumb analogy? I predict never, because anyone who uses the word 'tulip' in any Bitcoin discussion proves that they know nothing about the technology or the utility.
But guess who turned out to be right in the end?
And when will you be proven right? Are you giving a prediction and a time horizon? Because you're not doing too well at this point. The biggest financial institutions in the world have endorsed it and it's recognized as a form of payment in almost developed country. It's the 10th most valued asset in the world, probably soon to be 8th.
Bit coins are worth nothing. They are just a vehicle for conning stupid "get rich quick" people.
Bitcoin (there is no such things as Bit coins) is worth around $60k per Bitcoin on any open exchange. Again, reality is at odds with your opinion.
I’d be cashing out if it was me but again, that’s just me.
Good luck
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