I'm not selecting any part of your post. I put a link to your whole post in its entirety. So what's the intrinsic value of gold?
I can read, although I'm not so sure about you. Your parents related? Maybe at least one answers to "Good doggie!"? Because I asked you for legitimate theses and facts against BTC/crypto and you instead give me a reason that ad hominem begets ad hominem, trying to justify your position while devolving this conversation to nothing more than personal insults. If you are melting down, I suggest not being a snowflake.
cant the same argument be made for stocks like Amazon (which for decades showed no profit) and for now show no signs of paying a dividend.
Even without dividends, shareholders own the company and its assets, including the inventory, real estate, etc. If the company were to be sold or taken private for example, shareholders are to be paid out. Actual value exists in the real world and that value has increased tremendously in Amazon's case.
I've been holding some bitcoin for quite a while. I dont believe in bitcoin, nor do I think it'll really amount to anything. I'm really just riding the wind right now. I remember when it hit 40k and dropped hard to 30k after coinbase manipulated it. Then elon manipulated it up from 35-45k after saying he was buying 3 bill worth. Its just a wild ride. Those news outlets predicting 400k are just looking for sensationalist news coverage or they have skin in the game and know they can manipulate it without sec consequence. Sure it could get to 400k. And something could happen to make it go down 50% tomorrow. If you have all almost all your net worth in bitcoin you truly are holding onto too many chromosomes.
Easy there, buddy, just because we're on the same long side of the trade doesn't give you the right to insult others willing to put the risk You don't have to go all in, if your level of risk comfort is smaller, go smaller, or you can't take the heat, trade out You do realize bitcoin trades 24/7/365 and liquidity is enormous, so I can get out of my positions in an hour any given Sunday, be it 3AM or 3PM est
you admitted that you don't know how to read charts and aren't a trader and you're on a trading forum so how does a 24/7/365 help you? All you do is pump bitcoin here. And you hold through 70-90% drawdowns. You wouldn't sell your bitcoin even if it fell 90% again. For someone thats claimed to be up over a million, thats pretty ridiculuos
Check your pants, you got no balls, that's called a vagina Mind your own business, I've managed to grow the value of the portfolio for many years without your wisdom. You said you're a piker? got that right #HaveFunStayingPoor
@Illini Trader I hope you're doing well, my friend. Yea, can't believe we're still having to defend being bitcoin hodlers and believers when bitcoin is priced at ~$60K!!! These haters have no shame and won't admit they are wrong I'm considering quitting ET when bitcoin hits $100K, until then, everyone has a chance to tell me I told you so if btc crashes before then