Bitcoin - don’t look now crossing $44,000
- Thread starter OleFastball
- Start date
Bitcoin crossing the $100k threshold
BTC is mainstream now. Many companies adopting the BTC standard. The US keeps printing money with reckless abandon. And Trumps Big Beautiful Bill will be a spending nightmare.
BTC going higher imo.
BTC is mainstream now. Many companies adopting the BTC standard. The US keeps printing money with reckless abandon. And Trumps Big Beautiful Bill will be a spending nightmare.
BTC going higher imo.
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If the united states government backs the coin it will go to the moon and will be a huge redistribution of wealth. IT will only happen with the say so of the oligarchs who have had their time to adjust to this and act accordingly.
When nvidia and microsoft begin folding time and space to create millions of their own coins using quantum computing. They will have more leverage over the economic system in the world than any company. They could dump coins on the market to influence it.
We are heading towards a disaster.
Its not a good technology for money. For a huge amount of reasons, and encomists understand that. But who cares about that once the oligarchs have the market cornered?
BTC went from $0 to $100,000 without any Oligarchs involved.
I am fairly confident the US is currently building a BTC reserve. It makes too much sense.
There are a lot of Democratic billionaires with outsized influence so the oligarchy argument doesn't hold much weight in my mind.
You may be right. It could be a disaster. But the dollar is already a disaster. Why be scared of competition?
Your first statement is completely false.
How many BTC do the major hedgefunds own now? How many retirement funds own them? How many billionaires own them?
you always conflate party with capitalism, thats such a red herring. You have no clue what will happen once these quantum computing companies leverage themselves. They will have more coins in their wallets than are currently in circulation.... The fact that will happen, and no one is talking about it with actual planning and such means these companies know exactly how they will play this out. And the average holder: YOU, will get mega cucked into oblivion.
It's almost like everyone disagrees with you. The news about quantum came out months ago yet here we are sitting near the all time highs.
But hey, thats how you get rich. If you are right and everyone else is wrong you will be rich. You should short Bitcoin.
Good luck!
lol why would I bother to invest in a volatile cult like market? Im not wrong, economists agree with me. But that doesn't mean morons with money wont drive up the price. The question becomes: What do you think will sell off faster during a recession? Stocks or BTC
Oh, you were wrong. The price has doubled since your statements.
Doesn't prevent you from being right in the future, but you have indeed been wrong.
It's ok to be wrong.
lol Im not wrong just because my problems with BTC or any 'find the largest prime number' make believe currency, is the issues I've already laid out. Just because the price is up, that doesn't mean shit to me. Its going to end in the long run with a huge crash. I don't know when, but its going to happen and its a purely speculative currency, so my speculation is just as good as any's.
You haven't attacked any of my issues, you just point at the price and because im living rent free in your head, you then @ me.
It does mean shit to you, you just don't realize it yet.
Your dollars are decaying away while BTC is not.
I'm not sure which issues you want me to attack? You haven't laid out any risks that would prevent me from investing more money into BTC.
You bring up good points, but you have been wrong. Very wrong so far. Again, that doesn't prevent you from being right in the future. No crying in the casino. Good Luck!
Do you have a computer science background and understanding of what quantum computing is? Have you completed a MS in comp sci like myself? Do you understand supply and demand?
Cool have a good day. Please just stop @ 'ing me. I understand your argument frontwards and backwards, you seem incapable of understanding my points. Meme urself.
Seems odd that you have those degrees and missed on bitcoin.
Quantum wasn’t a concern when it came out so it seems as if you missed the boat and are bitter.
I just asked AI and it says we are at minimum decade away from having the technology (it says 10-20 years or longer). During that time BTC will be adopting post quantum technology.
That’s not me saying that so don’t get mad, that’s AI saying that
Of course in 20 years your dollars will be worth about 50% less too. That is if inflation doesn’t creep up over 2%. If it stayed at the average 5% inflation under Biden, your dollars would be worthless in 20 years also.
I’ll stay with BTC but you do you
And yes I’ve taken multiple cryptography classes via Cornell, have a solid computer science background and an economics degree. Far from an expert on anything though.
Why the need to keep beating the dead horse about dollars decreasing in value over time? Every currency that’s actually used as currency behaves that way right? We all accept that, nobody is holding cash because they expect it to be worth more in 10 years from now. Unlike crypto though someone holding cash never has to worry about waking up one day and suddenly losing 20% of their wealth or worse like crypto speculators
A lot of people hold cash.
I beat the point home because many people, including people posting in this thread, don’t seem to understand that the system is designed to decrease the value of your money over time. This will happen with certainty.
Bitcoin is designed to have a finite supply and does the opposite. It is not designed to intentionally deflate your money.
To me, it’s a no brainer. As long as the US money supply keeps going higher, bitcoin will also go higher.
$104k this morning. Don’t look at it as bitcoin is higher. 1 BTC is still 1 BTC. Your dollars are just worth less
It’s not a currency but it is a currency. Many people still don’t understand it and that’s one reason I think it has a lot of room on tbe upside in price discovery.
I expect more and more companies will start to accept bitcoin. More of your mom and pop shops as opposed to big boxes. I don’t think it will ever be a mainstream transaction tool, but doesn’t mean it can’t be used as that.
I have a BTC banking app right next to my traditional banking app. Paying for something with BTC is as easy as opening that app and scanning the code.
I expect more and more companies will start to accept bitcoin. More of your mom and pop shops as opposed to big boxes. I don’t think it will ever be a mainstream transaction tool, but doesn’t mean it can’t be used as that.
I have a BTC banking app right next to my traditional banking app. Paying for something with BTC is as easy as opening that app and scanning the code.
If the value of bitcoin is going to continue going up to infinity why would you transact with it? Trading something that is only going to increase in value and make you rich for a burger and fries that you’re going to shit out in 12 hours seems like the worst financial move of all time
Dude literally nobody itt or in real life disagrees that the value of a dollar decreases over time. Everyone, including children understands that.
In my humble opinion, the worst financial move of all time is leaving your money in an asset that is designed to become worthless over time.
If you have a problem with me, take it from someone much smarter than me.
I am just a messenger with an opinion.
Link isn't working to the interview with Michael Saylor i was trying to put. Will work on it. But he is saying what you are saying. Spending your bitcoin will cost you a lot of future dollars. Personally if i transact with BTC, i just replace it by selling more dollars.
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I wouldn't disagree. What confounds me is that people know that and have an alternative that is not designed to not lose money over time yet still leave their money in the asset that is designed to lose money.
That's what perplexes me and why i think the value of BTC is going higher. So many people just either don't understand it or are scared of change.
Like the post i posted above, i think people are severely underestimating how much damage inflation does to them. And by owning BTC i am taking advantage of that arbitrage.
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Correct. I don't understand why anyone would want to leave their cash in dollars as opposed to BTC. I've listed the reasons.
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