Posted on 03/11/2024 12:28:09 PM PDT by EnderWiggin1970
It can disappear in a nano-seond. Stay away from that crap.
Really, you sound like someone whose only awareness of the dollar is from reading about bank robberies. Bitcoin is sound money with provable scarcity - unlike worthless dollars that have no scarcity and thus no long-term value.
I'm sorry your friend was scammed due to his greed (yes, that's what the Ponzi angle plays on), but you shouldn't be buying bitcoin out of greed anyway. You should be switching to it out of fear (at what is happening to the dollar).
Just buy bitcoin people. Don't buy and then give them away to some idiot telling you that you can earn 10% monthly with him. It's not the buying bitcoin that is the problem with that scenario. It was the giving it away to someone and believing in their ridiculous promises.
THE EMPEROR’S NEW CLOTHES-—ad infinitum
Bitcoin is on a global decentralized ledger. So long as you keep your private key safe no one can manipulate the entry showing you (through your key) hold X bitcoin. Bitcoin is thus far, far more secure than any centralized financial system like dollars/euro/yen that can be zeroed in an instant by a hacker or a government needing to do some asset confiscation.
And you just figured out the genius of BTC and why it is far superior to gold as a store of value.
You are required to spend exactly $0 to protect and store it and it is impossible for a government or thug to seize it from your control (unless you allow them to or you make a mistake)
That poor, poor, son of a bitch. I bet he is feeling terrible now that BTC is at all time highs. What will he do?
You should tell him how terrible you feel for him.
They just want to sell their Junkcoins before the bottom falls out again
“simply the obvious financial collapse we can all see coming”
You forgot “...all see coming, except for Congress and the President.”
“Technically you could mail a postcard to someone with a bitcoin TX hand-written on it.”
And it would be worthless.
Bitcoin is safe forever.
If you believe that I have some swampland to sell you.
Pump and dump—even cave men can do it.
As with gold, will there ever be a good time and advertisements saying “NOW is a great time to sell gold”
Is there any need for the government to loot the treasury when they can print as much fiat money as they desire?
The real answer is physical silver, stored food, water purification equipment, firearms, ammo, remote property, and personnel to defend it all.
Bitcoin is safe forever.
If you believe that I have some swampland to sell you.
****************************
Bloated real estate valuations everywhere and suddenly “magic coin” is through the roof.
“I’m In.”(sarcasm)
No electronic keys are ‘safe’; you know that. Anything and everything can be hacked. The safest place for my cash would be in my Dbl-Door Cannon T65 Safe (7ft wide x 6ft tall x 3ft deep) protected by me.
And when the Treasury Secretary issues the regulation that owning BTC is defined as “money laundering” (which he already has the authority to do) with a million dollar fine and a mandatory ten year prison term?
“ when in a safe location”
By the time you need to do that, there will be no safe locations.
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