Posted on 03/11/2024 3:25:04 PM PDT by NoLibZone
See post 38? Go to Coinbase.com and get your $10 in free BTC. If it ain’t worth $13 by April 19th, contact me here and I’ll send you $10 in BTC. If it does what I say, at least you learn about if you’re at least interested to sign up:)
I know you Don’t want to this generational opportunity.
Bitcoin is the ultimate pyramid scheme. The people smart enough to cash out before the crash are the ones who will make money from it. Everyone else will be wondering what the hell happened.
The US dollar is a scam. When it was backed by gold it had an intrinsic value. I am not sure if it ever was actually backed by gold but it was perceived to be. After they made it into the Federal Reserve it became a scam which rich people use to protect and increase their wealth. Unfortunately we the people don’t have the ability to function outside of their system.
$1,000,000,000, dam%. I thought 2 mil was doing well.
I see that Bitcoin has outperformed the dollar by almost 10 times. The question I ask is where is the value of Bitcoin coming from? Gold can be used to make teeth and electrical conductors. It has a pretty color and some physical properties that are very fascinating and at least somewhat useful. Bitcoin is a bunch of electrons that don’t even exist after the bitcoin is created. It is one EMP from being completely gone. Gold will sit in a tin can under your house for years and is easily recognized as valuable by even the stupidest people. I have been working in tech for 45 years and I don’t trust bitcoin one bit.
“I’m still convinced it is a scam.”
Maybe so. But you know what definitely is, was, and always will be a scam?
Social Security, that’s what. I am so happy that the majority of my income was exempt from paying Social Security tax and that I invested a portion of the savings in Bitcoin.
I mean it represents a lot of burned energy creating it with no intrinsic value —obviously fiat currencies don’t really have any intrinsic value either but are generally accepted in society enough to be useful in exchange for things I need.
I have a bit of crypto for speculation, if I had a lot more wealth to diversify I might have more for contingencies but
Agree
“From a practical sense, Bitcoin is a decent substitute for wires/swift for money transfers.”
That’s where it’s actually useful and where its intrinsic value resides. It can save financial firms money every time that they move money around with it. It’s the transaction function that they want it for, not as a store of value.
You’re right that social security is a scam. Sure, if I had known about bit coin and how to invest in it when it was $0.03/bitcoin, I would have bought $10,000 and then cashed out when it reached $40,000/bitcoin.
The smart people got their money in early and have probably existed the system for more secure investments. That’s what you are supposed to do in ponzi schemes. Invest early and get out halfway.
Oh, my cost basis averages about 16,000. I have no problem with some people getting in earlier.
But if you think the dollar is more sound than bitcoin, I have a bridge to sell you, but I only take bitcoin lol...
Bitcoin is "generally accepted" by Black Rock, Fidelity, Bank of America, Wells Fargo, et al as well as companies that accept Bitcoin as payment.
https://finance.yahoo.com/news/15-major-companies-accept-bitcoin-155558584.html
Just saying.
The most certain investments right now, imo, are commodities. People will always need their bodily needs met. I do not believe that bitcoin is anything other than a CIA creation. People traded $26 billion in real money for vapour money, that will likely be turned off when it can’t be monetized further.
It’s a great scam. No, I don’t think the dollar is stable either.
Good luck doing what you are doing.....But I have physical gold and silver in my home....
I've traded stocks for years....But now a days....it's been O & G...and metals.
Good luck with how you trade. Hope you make a bundle.
Me neither...FRiend.
I've traded stocks for years....I don't fall in love with them I date them.
I'm presently dating some silver and gold.
I've no use for things that I don't understand.
Each to their own....
Good luck.
$70,000?
Tulips got up to a million dollars.
I did mutual funds for 25 years, put bought boys thru college on them.
I mined ethereum and 44 gpus at the end. They got over 6 btc, after recouping the 85,000 in hardware and electric back plus 6pk for taxes and 20k in my pocket.
I love btc. But I lost money on individual stock;)
I know I am going to owe the IRS too darn much for 23 and 24.
Then I learned to trade....
Good on ya..!!
Glad you are doing well........
My point is you actually own something of value, an physical object that has value.
Bitcoin is just a series of 01s and 00s on a computer.
.Much like those jpeg “art” that was the “latest hot item”
Until it wasn’t.
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