well, look who's there... a gold bug. The price of gold is 100% determined by the greater fool theory. The use of gold is so miniscule compared to what's hanging around in vaults, I would not even speak about it. The volatility of bitcoin is literally zero if you do it right. BTC is all about using the network, not price. And the fact that after all these years it's still there and it's actually usefull (unlike gold) should tell you something.
I also think the risk to Bitcoin losing great value instantly as a result of regulation is very worrying, and I certainly wouldn't have 50% of my networth in it. Maybe its good to hold a few percent as a speculation. But I also think the regulation aspect won't come in too soon because the government is going to extract far too much value from following the paper trail, be it with drug/mob money or simply regular citizens not reporting income from the gains. They will be able to track it down I think far easier than trying to figure out how a $100 bill circulates.
Yeah, but first, somebody is paying for that energy in monthly subscription fees. Second, those selfies make people happy. Compared to generating Bitcoin. Since the most important feature right now is the store of value, I could just make 21 million tokens with 1 laptop and declare it the new store of value. As long as people buy into it, it works just as well as bitcoin does.
Perfect fundamentalist argument, well, it is not. Not to mention it only works if you bought it at much lower priuce than 20K. And you can not tell where price will be in 1,3 or 5 years from now. Because you know fundamentals... If you can't explain why something is good or valuable, than chances are, it is not. Don't forget, my limited edition of poops are still available, buy it now!
Exactly right. Celebrities used to think they were special because they had to climb the ladder. First you probably had to sleep with somebody and then pray the movie roles came in. Now Youtube and Instagram come along and anyone can be a star and famous. The world order has flipped. Fame used to be a currency that was tightly controlled, but not any longer.
Cause bitcoin is the latest in the list of all that bullshit you listed . Go advertise something else