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.
How about an emergency fund? You don’t understand why someone would want to have one that isn’t Bitcoin? You’re being obtuse on the subject because you want to have the take that Bitcoin is superior to the dollar in every possible way but you’re starting to take the schtick too far and it’s making you come across as stupid even though I don’t think you are
Sure you can have an emergency fund in dollars. I can see why people want that "safety".
I keep mine in BTC. I hold very, very few dollars in my emergency fund. I keep it in BTC and when i need dollars i sell my BTC. I'll stop doing this only when the United States stops printing dollars (M2 decreases). Neither party has an appetite for that as evidenced by Build Back Better and the Big Beautiful Bill. I made another thread about the BBB and how its just a Bunch of Bloated Bullshit. BTC will go higher until we stop printing dollars. $.02
I think a financial revolution is happening right under your nose and you don't see it. I think the US GOV is actively stockpiling BTC without publicly announcing it.
The good thing is there is a market where we can put our money where our mouth is. It is good to have an alternative to the dollar, which is designed to lose money every year, it's only a question of how much.
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My last post literally said I don’t think you’re stupid. But I do think youre overly committed to your schtick and it’s causing your posts to come across as stupid. I think that was a fair observation seeing how you made a post proclaiming that you couldn’t understand why anyone would choose to leave their cash in dollars instead of bitcoin. That was a stupid thing to say (no offense) and you obviously don’t actually believe the words you wrote because I provided a perfectly reasonable example of why someone would choose to leave their cash in dollars and you acknowledged that you understood.
I amended my thoughts while responding. I should have done that before posting. Apologize.
BTC reaching all time highs.
The Big Beautiful Bill proves that neither party can stop inflating your dollars away.
This isn’t a partisan stance. BTC is a place to hide from governments. Doesn’t matter which party is in control. We print more dollars, BTC value goes up.
The Big Beautiful Bill proves that neither party can stop inflating your dollars away.
This isn’t a partisan stance. BTC is a place to hide from governments. Doesn’t matter which party is in control. We print more dollars, BTC value goes up.
I truly believe this.
I truly feel sorry for Elon Musk right now. He tried to do the right thing. Once-in-a-lifetime opportunity to really slash big government and DOGE the heck out of the system. But the swamp won, and Elon was suppressed, and now NOBODY is going to slash big government. Like I said before, folks, nothing changes until the collapse. "Collapse is the real reform." The sooner the system collapses, the better, since we can't build a truly free republic under the control of the current swamp. And it CANNOT be reformed while it exists. The only "draining" is a currency / debt collapse that reboots the whole system. It's coming. And when it arrives, it will be very sudden and largely unexpected, like the 1991 collapse of the USSR. Prepare accordingly.
I truly feel sorry for Elon Musk right now. He tried to do the right thing. Once-in-a-lifetime opportunity to really slash big government and DOGE the heck out of the system. But the swamp won, and Elon was suppressed, and now NOBODY is going to slash big government. Like I said before, folks, nothing changes until the collapse. "Collapse is the real reform." The sooner the system collapses, the better, since we can't build a truly free republic under the control of the current swamp. And it CANNOT be reformed while it exists. The only "draining" is a currency / debt collapse that reboots the whole system. It's coming. And when it arrives, it will be very sudden and largely unexpected, like the 1991 collapse of the USSR. Prepare accordingly.
To @firegiver point Bitcoin will need to adapt to a post quantum security. Still likely a decade or longer away.
Black rock will use this OBVIOUS issue to their advantage. We are setting ourselves up for a total a complete destruction of our entire livelihood if bitcoin is ever backed by governments.
for perspective: IF you bought 600 dollar bit coin 10 years ago, and are now borrowing against it at its current price, and they suddenly flood the market with coins dropping the prices substantially, you will lose your shirt.
I think instead what will happen will be much much worse. Corporations with use quantum computing to create HUGE sums of coins and go to economic war with everyone they can and buy everything they can.
Bitcoin can never be "backed by governments". Bitcoin can be owned by governments, anyone that can read the tea leaves knows that the US Government is accumulating BTC right now.
If quantum breaks BTC it will be a binary event. The second it is broken, BTC is worthless. So I do not see any prolonged war.
Investing in BTC carries risk, just like any other investment. Of course, owning dollars carries risk too.
BTC and other crypto currency are the best way to pay off officials, do crimes and basically never get caught. It is/was a fun casestudy in computer science. its not worth the cpu cycles to me. Its worthless to me personally. I abhor what people and companies and governments do with technologies like this.
It has to be concerning to the regular folks out there, that they are dealing in a currency that has 0 backing and is used to sell people and children. I hope Microsoft mines a trillion coins and releases them all at once.
I take issue with your claim that it is "backed by nothing". It is backed by mathematics and is fully auditable every 10 minutes.
Guess what else is used to sell people and children? The dollar. Guess what else is a good way to pay off officials, do crimes and never get caught? Cash dollars. Or in the case of Senator Menendez gold bars. Guess what is not audited at all? The dollar!
I'd just like to point out that everything you stated you hate about BTC is done, with much bigger size, in the dollar.
Microsoft won't have to mine 1 trillion coins. They will just have to break the encryption one time and when they do BTC will be deemed useless. That is a real risk. Your bitcoin COULD be worth less in the future. But it is almost guaranteed that your dollar will be worth less in the future. The Fed's declared target for inflation is 2% and we haven't hit that target in years.
quantum computing does every calculation outcome at once, they could definitely mine a trillion coins. probably more.
being backed by mathematics is the most laughable phrase I've heard in quite a while, thanks.
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