Bitcoin
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Is Bitcoin the New Gold? | Bitcoin vs Gold
Find out whether Bitcoin is the new gold and which one you should invest in with our latest post!
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This is a great fluff piece, on exactly why to stay away from bitcoin.
A virtual coin that doesn't produce anything, and your depending on 3rd world countries in hope that it gains value because they don't trust their government. Most of them will never even understand the concept of block chain, but yet governments all across the globe are going to one day let them cash in on their bitcoin..lol.
Why on gods green earth would the any countries accept this as fiat money so they can trade with other countries??? lol
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Honestly, listening to you talk about bitcoin is like listening to a first grader try to explain quantum mechanics. You’re poorly informed, and it shows.
hahaha! listening to you defend Bitcoin is like listening to a primerica recruiter.
No, but your trying to convince people to invest in something that will for sure collapse at some point. So while some people will make money (the ones who get in and get out), majority of people are going to take a hit.
Being the good human being I am, I don't like to see people lose their hard earned cash, so I will debunk bitcoin all day long.
That’s the thing, you don’t know that it will collapse. You may strongly believe that it will, but it’s not a guarantee by any means. Pretending otherwise is disingenuous. If you truly want to debunk bitcoin, maybe take some time to learn about it instead of going by pure feeling and emotion.
Have you ever watched the news talking about a topic you’re knowledgeable on? You know how they absolutely butcher even the most basic concepts in trying to make the information digestible for the average joe? That’s how you sound, man. I’m not trying to insult you, I’m just saying that it’s glaringly obvious to anyone knowledgeable that you’re talking out of your ass because you exhibit a fundamental misunderstanding on the topic.
This is extremely simple at it's core so stop trying to complicate it and stop talking out your ass. Bitcoin is a currency. Currencies are valued at what people decide. The most trusted currency is government regulated currency which we call fiat money. The reason fiat money is trusted is because it used by countries at the highest level as a form to trade. The only way for this shit to ever rise in value is for either A) government accepts and replace it as their own currency, or B) people deciding it worth something for whatever the fuck reason. Seeing as bitcoin doesn't produce anything, we can stare at it all day long and nothing going to come out it so there's zero reason for it gain value.
Lmao, extremely simple, yet a lot of intelligent people have tried and failed to understand bitcoin as evidenced this thread and many others. You’re clearly exhibiting the cognitive bias known as the Dunning-Kruger effect.
“Think back to primary school. We all knew someone who thought they were more intelligent than they really were. Let’s call this person ‘John.’ John has unshakable confidence in his knowledge of history, science, and literature, insisting to his friends that his poor marks are simply a reflection of bad testing methods and his “not caring.” Still, it is abundantly clear to the teacher and his fellow classmates that John has no idea what he’s talking about. John consistently decides to raise his hand to speak on matters he is unfamiliar with. John’s inability to recognize his incompetence, and the resulting overconfidence, is what is known as the Dunning-Kruger effect.”
That’s you, you’re John.
Think back to primary school. We all knew someone who acted like they were more intelligent they were, try to convince people to fall for horse shit scams. Lets call that person "Billy". Billy has unshakable confidence in his ability to convince people the mirage at the end of the dessert is actually water, insisting that other people just got "unlucky". It is abundantly clear to most people who aren't naive that he's full of shit. Billy himself actually believes in the pyramid schemes he tries to convince others to join. Billy's inability to recognize his incompetence and the resulting effect it will have on the poor naive people that fall for his bull shit is known as the Bernard Madoff effect.
That's you, you're Billy.
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Lmao, lets just agree to disagree because we’re never going to see eye to eye on this.
11yrs ago this dude buys 2 large pizza worth $40 for 10,000 bitcoins. first purchase in the world using btc. had this dude held on, his btc would now be worth $100 million usd which can easily be sold and traded in the futures market. true story
I always have this question struck in my head that in terms of stock I understand their "values" or so called the natural of a business. But when we talk about DIFFERENT cryptocurrencies they are just one copying the others when a new crypto popping up in the market. Why would I go with things other than Bitcoin if that was the case. If anyone can help me figure this out I would be much appreciated
This the problem. Other people have realized it's a good scam so it's being copied. At the end of the day, none produce anything. The question then becomes why would buy any of them??
Turn off the porn? C'mon man be reasonable!
What else are we supposed to do with these stay at home orders?
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Doubt it. If he doesnt buy 2 pizzas he likely sells when they double up for $80. How many owned Amazon in 2001 that still own it now? Its hard to not sell when something goes 50% or doubles up or triples up. Its really hard psychologically to buy and hold.
think of how many fiat currencies there are. the crips also want to leave their mark. eventually a few will become dominant in the hood
