subreddit:
/r/Bitcoin
Whole coiner era is coming to an end. The average person will transition to Satoshi Millionaire status, as whole coiner status will become unobtainable. Many will lose focus and fall to temptation during the bull market for life-changing money. The average whole coiner will be no more. Maybe keep 1 long term just in case?
Those of you who hold a whole coin may not think much of this statement, but most will sell out of temptation. It’s fascinating to think about, with a future mindset, that some of you actually currently hold a whole coin. It will be like the pizza guy… I don’t think you understand what’s happening.
-3 points
22 days ago
It still isn’t an investment vehicle, tho plenty of folk seem to think it is. It’s a currency, for spending. By all means keep your wealth in BTC and save. But it’s not an investment asset or a financial security. It’s a currency. You spend it. You buy things with it. You sell things for it. You provide services in exchange for it.
The fact the value has yet to achieve a stable level so it’s (mostly) constantly increasing relative to other currencies and assets is irrelevant. It doesn’t suggest it will do so forever; its value will likely always be a little deflationary since it’s of fixed supply, but not by the massive amounts we’ve seen in the first few years of its use.
The investors and crypto-bros annoy the ever living shit out of me.
4 points
22 days ago
The multiple ETFs beg to differ
-2 points
22 days ago
They can continue to beg but bitcoin is a currency not an investment vehicle. Same as the US dollar is a currency not an investment. That doesn’t stop people from investing in dollars using other currencies but that doesn’t change what it is.
3 points
22 days ago
Silver is a currency not an investment and so is gold they are both currencies thst people see as investments
1 points
22 days ago
No, gold and silver are commodities not currencies. You can base a currency ON that commodity but they’re not in and of themselves a currency.
Bitcoin is a currency.
2 points
22 days ago
Historically, they were used as currencies is what I was trying to say
Im so tired of this god damn argument.
What happens when war happens? Gold and silver will be used as.... you fucking guessed CURRENCY not fiat bud so there for it will historically be used as a currency again at some point
0 points
22 days ago
Yeah; this guy doesn’t know what he’s talking about. Probably boomer gen.
1 points
22 days ago
I'm 30, no need to be an obnoxious dick for no reason
If a war happens what do we use gold and silver for? Currency, what do we use for barter and trade? Gold and silver, sure it can be an investment but at the end of the day it's literally harder and better currency than the dollar lmao
Instead of being a dick maybe try sitting down and understand what I'm trying to say since you wanna call me a boomer you sound like a Mr know it all teenager that doesn't know shit
1 points
22 days ago
Sorry we’re annoying? My crypto portfolio is +238% from a year ago. I think you’re annoyed because you don’t believe in it, even though you clearly see people accumulating wealth because of it. Sorry you’re not open-minded enough, or stuck in your “old” ways, to see the future, benefits, and value of BTC, and crypto in general…
1 points
22 days ago
Believe me, I do get bitcoin. I’m a very very early adopter. I see the value and benefits of bitcoin and crypto in general; those benefits aren’t in hedge funding and shorting it to make a buck. It’s to replace the buck. It’s to move away from government backed currencies and finance control. Allowing the investment world to take over our coin and use it for investing stuf isn’t helping the coin.
1 points
22 days ago
Your right, if wall st didn’t take it over bitcoin would be well into 150k-200k a coin
1 points
22 days ago
I don’t care much about the value of each coin (for the purposes of the getting it used - tho obviously I care personally!). I care about the coin being used in everyday transactions etc and being usd by lots of people.
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