Posted on 11/21/2025 7:13:58 AM PST by Red Badger
The ponzi is crashing, we need more suckers!!!!
LOL. Sure.
Why does bitcoin production require enormous amounts of power?
Do an internet search for “bitcoin mining”, you will find your answer.
“The title for my car is in my safe. My car is a tangible asset that I own. “
Oh, proof of ownership is a piece of paper. By your definition that makes it an intangible asset.
Your stocks are just recorded on an electronic ledger too. You can store your bitcoin offline, similar to a bearer bond.
But given a choice between bitcoin and stocks, I'd want stocks. At least there's a company that can be analyzed and owes me shares as long as its solvent. A lot of companies made it through the depression.
Bitcoin is investing in vapor, that relies on technology, a healthy grid and a collective belief system. Any of those factors disappearing would be a disaster.
That's not to say that many bitcoin investors haven't made out very well. More power to them. I think a lot of the selling may be some people needing the money and just cashing out.
Collective belief, as opposed to whatever props up the dollar?
Won’t argue with you there.
And stocks are due for a correction too.
Due? We’re in it!
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