Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1
Bitcoin surpasses silver to become the 8th largest asset in the world.
https://twitter.com/WatcherGuru/status/1767141335910257021
Here is a link of 18,000 Assets ranked by Market Cap
The world didn't have such a massive number of fools across the globe who can communicate with each other at the speed of light, back then.
People today are more gullible and wealthier now than they were in the 17th century.
BINGO
Funniest thing i've read so far today.
LOL...yep!!
Silver is real, bitcoin is a popcorn fart
Bitcoin’s valuation is influenced by a combination of market demand, limited supply, production costs, media coverage, regulatory environment, economic factors, and technological advancements.
It’s as real as the Internet.
You better advise these two Wall Street firms you know better than them.
“ BlackRock & Fidelity now hold 331,560 $BTC worth over $23.4 billion for their spot #Bitcoin ETFs.”
https://x.com/watcherguru/status/1767620081586946492
Just added another $50 worth to my coinbase account. Thanks for the ping!
Scarcity and demand, like gold. Except you can always find new gold desposits. Inevitably the price will collapse when we find massive deposits on asteroids. But there will never be more than 21 million Bitcoins.
I can see buying ETF’s for price speculation purposes, the coin itself doesn’t yet seem to be of value to me.
That is a young persons investment, they have the time to ride the waves of fluctuating “value”. If one want to play Russian roulette with their money, I have no problem with that.
LOL!!! by who...
Bitcoin is not a medium of exchange - like currency is supposed to be. It is an investment vehicle, which is really telling.
When you have to work that hard to convince people to buy or acquire whatever it is you’re selling……………people are innately skeptical. That, and the fact that the highly technical nature of cryptocurrency is beyond the understanding of most people.
It will be interesting to see how Bitcoin fares once CBDC’s are rolled out. Centralized vs. decentralized.
Making money in Bitcoin might slow down substantially once CBDC’s arrive. Maybe that’s why there’s such a huge push now on BTC.
Best wishes with your land investments. Not sure how you will spend dirt at Amazon or take it with you if you have to flee the country (personally I prefer the portability of Bitcoin). And don't expect it to gain value against other ordinary goods, it will merely hold value at best. In fact given the global population collapse* I wouldn't expect there to be as much demand for land usage in the future. So that's something to consider. *If you want to depress yourself, type in "Demographics of (country)" at wikipedia and study the resulting pyramid chart - or what should be a pyramid but isn't for every developed or semi-developed country I've checked...
Another factor is that the rapid growth in value (on average) precludes its use as a currency. If a person is holding dollars and bitcoin, the rational decision is to get rid of the dollars (spend them) and hold the bitcoin. That is, get rid of the worse and more debased currency while you can. So people are hodling the better currency as a store of value and transacting with the weaker currency.
Don't try to put words in my mouth. I very much hate fiat currency too, but I have zero faith that this stuff will survive a government assault against it, or that it will continue being seen as having value, when it has no inherent value of it's own.
Best wishes with your land investments. Not sure how you will spend dirt at Amazon or take it with you if you have to flee the country...
You and I would seemingly have very different philosophies about life. Everything we eat comes from the land. I think it's been over a decade since I bought anything from Amazon. I stopped buying from them when I found they were politically opposed to my values.
*If you want to depress yourself, type in "Demographics of (country)" at wikipedia and study the resulting pyramid chart - or what should be a pyramid but isn't for every developed or semi-developed country I've checked...
And you think your computer generated "blockchain" is going to save you?
If it gets bad enough, survival will perhaps come down to just a matter of luck. Being far away from population centers would seemingly be a bit of luck in the right direction.
Silver will survive WW3
Will Bitcoin?
It is why I chose silver, silver will survive... I’m certain.
Bitcoin needs a vast infrastructure and that might be gone in a flash.
Good luck my FRiend.
https://www.investopedia.com/terms/f/full-faith-credit.asp
Full faith and credit is an unsecured method of backing debt based on trust and reputation.
Place your bets.............................
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