Crypto

JuiceTheGator said:
Why? I've heard the argument, but think it's just easier and less risky to buy some foreign stocks if the Dollar heads south.
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I’m not a trader, I’m an investor. There can be no better investment than Bitcoin. It is inevitable. To invest in the current market with antiquated payment rails based on failing fiat, the mercy of the fed makes no sense to me.
 
HammerDown said:
I’m not a trader, I’m an investor. There can be no better investment than Bitcoin. It is inevitable. To invest in the current market with antiquated payment rails based on failing fiat, the mercy of the fed makes no sense to me.
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You're doing so well, but go off the reservation here. If the Dollar starts to fall compared to other currencies, I buy stocks like YARIY and ORAN and Vivendi and Veolia and BTI and all kinds of high quality shit with big dividends and real cash flow. When I sell them, the shares will be converted to mores $s.

By definition, if currency is falling, it takes more of it to buy tangible items like stocks. Crypto's value is based purely upon speculative demand. Sure, that demand may increase as people with a lot of cash convert it to anything else...but you're still relying upon the intangible mechanism of speculative demand.

I might take a look at Ape coin tonight simply because I hear it has been linked to something real...like countries who pegged their currency to the $.
 
JuiceTheGator said:
You're doing so well, but go off the reservation here. If the Dollar starts to fall compared to other currencies, I buy stocks like YARIY and ORAN and Vivendi and Veolia and BTI and all kinds of high quality shit with big dividends and real cash flow. When I sell them, the shares will be converted to mores $s.

By definition, if currency is falling, it takes more of it to buy tangible items like stocks. Crypto's value is based purely upon speculative demand. Sure, that demand may increase as people with a lot of cash convert it to anything else...but you're still relying upon the intangible mechanism of speculative demand.

I might take a look at Ape coin tonight simply because I hear it has been linked to something real...like countries who pegged their currency to the $.
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I don’t think you understand Bitcoin. $APE is “linked to something real?” Listen, everything will be tokenized, converted to NFTs. Silver coins is enough “real” for me. It’s my one hedge. The rest is Bitcoin in cold storage. If you’re concerned about relying on speculative demand, how can you think that holding USD is a good investment?
 


The domino has fallen. El Salvador, Central African Republic, next Cuba, Honduras, Belize and 100 other nations without a strong national currency.
 
HammerDown said:
I don’t think you understand Bitcoin. $APE is “linked to something real?” Listen, everything will be tokenized, converted to NFTs. Silver coins is enough “real” for me. It’s my one hedge. The rest is Bitcoin in cold storage. If you’re concerned about relying on speculative demand, how can you think that holding USD is a good investment?
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Well, I don't own hardly any US dollars. There's maybe 30 bucks in my wallet in $15k in money market, until I buy another thousand BCRX tomorrow. Everything I have is in equity, stocks and real estate, because prices are rising. When this inflation starts turning to a deflationary spiral, I'll hold as much currency as I can...maybe even crypto.

Bitcoin is a currency. In an inflationary situation, you're losing money as prices rise. It didn't seem that way for awhile as speculation drove the value of crypto. However, owning any kind of currency during inflation is, by definition again, a negative return. The longer inflation lasts, the longer crypto will probably fall in price.

As far as demand for Bitcoin rising to make up for inflation detracting it's value: The problem with crypto is there are few barriers to entry. I can't believe Bitcoin can ever go to $100k while anyone can start their own digital currency to trade...or trade baseball cards or shells or whatever.

Either Bitcoin is a valid currency or not. If so, holding it now kinda' sucks but currency does well during deflation. Of course, the demand for Bitcoin might crash if the economy does, causing the deflation.
 
JuiceTheGator said:
As far as demand for Bitcoin rising to make up for inflation detracting it's value: The problem with crypto is there are few barriers to entry. I can't believe Bitcoin can ever go to $100k while anyone can start their own digital currency to trade...or trade baseball cards or shells or whatever.
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When it is a "first mover", it has the BETTER chance than any of the others of hitting that threshold first. After all, it's the TOP "brand" in cryptocurrency... :nod:

Personally, I'd love to see BTC drop below $15K... I'd definitely add a few more to my HODL collection. But I doubt it will drop that far.

:pop2: :martini:
 
CorpRebel said:
When it is a "first mover", it has the BETTER chance than any of the others of hitting that threshold first. After all, it's the TOP "brand" in cryptocurrency... :nod:

Personally, I'd love to see BTC drop below $15K... I'd definitely add a few more to my HODL collection. But I doubt it will drop that far.

:pop2: :martini:
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Yeah man...I'd buy dogshit if it was well below intrinsic value! The bitch is I'd never be able to determine what BTC is really worth. But during rapid deflation, anything would be better than equity, maybe.
 
JuiceTheGator said:
I can't believe Bitcoin can ever go to $100k while anyone can start their own digital currency to trade...or trade baseball cards or shells or whatever.
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Yeah, learn about Bitcoin and its engineering. There is a reason it's #1 and will remain so. Learn about the tokenomics.
 
Dole ver 2.0 said:
Big. Ponzi. Scheme.

No revenue, no income, no dividends, no assets, no tangibles. You idiots just hope there are bigger idiots who'll pay you more than you put into it.
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You are so astonishingly ignorant about cryptocurrency.

So basically you think Bitcoin is a corporation with a physical product.

I'm literally taking the things you say and tweeting them to the Bitcoin community and blowing minds.

Don't ever stop, Dole.

Wow.
 
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