People who believe in Bitcoin have extreme problems with thoughts. Creating artificial scarcity where there is none is f****** idiotic. Economics exist due to scarcity why make up more scarcity? Scarcity is something we're trying to f****** avoid. You f****** idiots have no idea what you're talking about You're just blathering and you can't differentiate You're like Trump you can't tell the truth from false it's just blather. There's no such thing as a blockchain there's just interactions of varying degrees of efficiency. Commanding a giant collection of servers to uselessly factor numbers that don't even have a purpose other than being hard to factor is f****** idiotic in the extreme and the waste real resources contributing to global warming. Bitcoin purveyors should actually be criminals because it should actually be a crime to squander resources and pollute the environment in such a manner. F*** this complete lack of regulations pipe dream b*******. God damn " Bitcoin "mine" quote is driving people out of their f****** minds in granbury Texas where one of those goddamn things was installed and now the whole f****** town has tinnitus and the whole f****** place is vibrating. Whoever installed it should be criminally liable go to federal pound me in the ass prison f****** idiots. It's not even a mine they're not mining anything they're simply squandering computational and energy resources. If nature were just and fair it would strike these m************ with cancer. Alas, there is apparent correlation between these two
You turn every thread into a BTC-discussion. The average citizen doesn't care about FX. They aren't holding dollar-yen because they buy a Toyota. FX is not meant to be a store of value. By your logic no shares should be held as they are denominated in fiat. You sell your house and receive Cable. Do you own a home? Why would you invest in an asset valued in fiat? How can you be this maximalist and own any fiat? You think you talk a good game but you're clearly a normie. You tell all your friends you're vegan but have a freezer full of Ribeye.
(The average citizen doesn't care about FX) because they earn, spend and invest locally. 150X return in a decade. You are looking for 20X returns in the next 10Y. Can you imagine the realized vol at a mil notional per coin? ppl will be blowing up left and right simply from the inability to hedge their paycheck FFS. TBH my size got to the point that it exceeded the delta-pos of my trading and I am aggressive AF. You talk about people passively investing in BTC and you're expecting a mil/coin? What's the price of a Corolla with universal adoption? I swear most of you maximalist mofos think YT is the Library of Congress and got a 900 on your SAT.
So you, like I, have determined, through different metric calculations, that BTC will not reach 1,000,000 USD per coin any time soon. A tale of two analyses.
fuck that, its morning for me. what meds would that be ? the ones that gives me the clarity to see thru the bullshit and properly shit upon all things shitcoin?
Because that is how important it is to get the word out! But they should because its drastically affects their purchasing power going forward. Being denominated in something doesn't mean that it is that something. Right now even bitcoin is denominated in dollars. Shares should absolutely be held because against the dollar, they will continue to do well. In fact, I suspect that even though many bears have been calling for a market crash that never came, its likely because they didn't want to hold dollars. So even though maybe markets may not look attractive based on current PE ratios or other metrics, people still keep buying because of how much USD was inflating away.