Your friend Joe Sixpack has no idea about BTC. Move over dinosaur, your place is the sun has passed, the new mega wealthy are disrupting tradFi, started with the Internet being ‘just a fad’ yet ECN’s have decimated traditional trading pits. BTC was the best performing asset of the last decade and is on track to being this decade’s as well. DeFi is being built, gaining traction as we speak, all in an open source collaborative manner. Enjoy your time with Peter Schiff as you two crack a beer and lament over being irrelevant. BTC doesn’t care. Decentrailized, permissionless, trustless, censorship resistant pseudo anonymous Immutable truth is here and trimming the fat of bloated obfuscation from the global financial system. I love these type of posts, they inspire me to buy more BTC since they are a bell weather of how it’s still early. In fact, DCA’ing some more right now, yep again to take out yet another ATH. Eventually 1satoshi will equal $1usd
Hmmm, let me see, no.... That is because you think you are right and the whole world is wrong. Diamonds are the most worthless thing on the planet, but since everyone KNOWS, (oh man, there's that word again, silly me). Since everyone knows diamonds have value, then there really is value. Who am I to go into a jewelry store and start telling everyone in there they are being ripped off??? And who the hell are you to tell me there is no value in something that this whole planet thinks has value??? It amazes me how anyone can go against facts just because they try so hard to be right while telling everyone else they are wrong. I'm already right, because for the last 6 years ever since I saw Bitcoin reach 400 dollars, I knew it was going somewhere. Another thing man, I don't hold any Bitcoin, I just strongly believe in it and everything it stands for. Unlike your depreciating fiat controlled by banks. Have a nice day...
The best part about all you 'new paradigm' mob, is watching you all squirm and scream (and some of you, kill yourselves) as it all comes apart..... It is just another bubble, exact same thing as we have seen so many times before, except this one is on a cocktail of amphetamine and steroids. By the time it is done, this will be the biggest speculative bubble the world has ever seen, and will cause the biggest financial devastation to the majority of participants, because that is how the tiny minority of players make an absolute fkn killing. Blockchain is here to stay (unfortunately for humanity), Bitcoin isn't.
Cool, just post the level you are shorting at. It’s an and/also world. BTC and blockchain are here, and have been far before you were aware of them. btw Since you like bubbles; Www.Cryptobubbles.net Go pop them to your hearts delight.
Why would I want to short a bubble you fool? I come to the market to take other traders money off them, not to hand mine over.
The only fool here is the one sitting on the sidelines of the most peaceful transformative revolution of our lifetimes. You do you.
Crypto is an asset class. If there was no MONEY to be made in the asset, it would not exist as an asset. You know you can play THAT theme, right? https://www.etf.com/channels/blockchain-etfs
Actually I welcome differing opinions on an asset class, but none of your comments thus far have been of any value. You simply state this is a bubble, well yes of course it is. Your statements is akin to saying water is wet. It adds zero value. Tell us some real news. You have no short calls and no short thesis. And you admit you aren't looking to short, and you are too afraid to be long. So why are you here? Do you make money by putting in into a savings account yielding 1% annually?
WTF are u talking about? This isn't a make money trading Bitcoin thread. This is a Bitcoin viable in the long term thread (because of the slow transaction times and perhaps the very high cost per transaction)? My original point, was describing the big Bitcoin Lie. The whole schtick about Bitcoin being Libertarian and supposedly a big threat to the financial establishment (who are giving it a very easy legislative ride and allowing/facilitating it to pump into the stratosphere as we speak). Bitcoin is a pilot scheme. Which in the long run, most likely means it is not viable. As whoever was ultimately responsible for sanctioning it's release out into the wild, will have the means of killing it when they are ready to replace it with their central bank digital currency/ledger/track n trace system. The warning sign for Bitcoin HODLERs, will be when the central banks start launching their own crypto currencies, with many major central banks already having crypto-currency systems in development. ...and if you are one of those dumb fks who thinks the US government couldn't kill Bitcoin off with a click of their legislative fingers, Bitcoin is: Paedo Pesos, Terror Tokens, Laundering Lira, etc.....then I have a Bridge to the Moon I could sell you..... ......actually, I don't have a bridge to the moon, but I do have these magic beans......PM me ;-)
Lol, Here’s a never-coiner that turned 180. If you think a stablecoin will replace BTC I see you are trying to sell the bridge that you bought.